Southgate Office Space

Southgate

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,740
As of: January 21, 2017

Southgate Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southgate region is going through a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.

Compared to the rest of the Metro Detroit market, the Southgate region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Southgate Listing Supply

In the last 90 days, 11 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this market were built in 1963 and are Class C.

Southgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Southgate folk. Commuting approximately 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 Southgate.
Market Report

Market Data

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

Southgate Submarkets