Franklin Retail

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Franklin

Office Space Market Report

Number of Listings (last 90 days)
51
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,360
As of: May 20, 2017

Franklin Rates

On average, listings lease in the $20's per square foot per year. The Franklin region is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.

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

Franklin Listing Supply

In the last 90 days, 51 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,360 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1977 and are Class B.

Franklin Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Franklin occupants. Commuting approximately 15 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 Franklin.
Market Report

Market Data

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

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