Franklin Retail

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Franklin

Office Space Market Report

Number of Listings (last 90 days)
51
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,630
As of: March 11, 2017

Franklin Rates

On average, listings lease in the $20's per square foot per year. The Franklin submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Metro Detroit market, the Franklin submarket has less expensive 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.

Even though the median size is 2,630 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1976 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 market. Commute by bike is the most popular way to get to work amongst Franklin residents. Commuting around 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

Beverly Hills Submarkets