Southfield Downtown Office Space

Southfield Downtown

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,730
As of: February 26, 2017

Southfield Downtown Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southfield Downtown region is seeing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 48% rise in rent.

Compared to the rest of the Metro Detroit market, the Southfield Downtown region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Southfield Downtown Listing Supply

In the last 90 days, 64 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,730 sqft. Most properties in this region are around 12 stories. Most buildings in this area were built in 1973 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 area. Commute by public transit is the most popular way to get to work amongst Southfield Downtown occupants. 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