Southfield Downtown Office Space

Southfield Downtown

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
17,490
As of: June 25, 2017

Southfield Downtown Rates

On average, listings lease in the $10's per square foot per year. The Southfield Downtown region is seeing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.

Compared to the rest of the Metro Detroit market, the Southfield Downtown region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Southfield Downtown Listing Supply

In the last 90 days, 64 listings have been posted online, so you'll want to check back regularly for new listings. About 14% of the listings in the Southfield Downtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 17,490 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 12 stories. Most buildings in this area were built in 1969 and are Class B.

Southfield Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southfield Downtown folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southfield Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southfield Downtown.
Research

Southfield Submarkets