Detroit - Shoreway Office Space

Detroit - Shoreway

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,640
As of: December 5, 2016

Detroit - Shoreway Rates

Most listings are in the $10's per square foot per year. The Detroit - Shoreway region is going through a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Cleveland market, the Detroit - Shoreway region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Detroit - Shoreway Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,640 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1880 and are Class B.

Detroit - Shoreway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Detroit - Shoreway work from home. Commuting around an hour 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 Detroit - Shoreway.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Detroit - Shoreway.
Research