Franklin Retail

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Franklin

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,390
As of: December 8, 2016

Franklin Rates

The typical asking rate per listing is in the $20's per square foot per year. The Franklin submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Metro Detroit market, the Franklin region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Franklin Listing Supply

In the last 90 days, 9 listings have come on the market, which means spaces might be going fast. 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.

The standard measurement for office space in this area is around 2,390 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market 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 folk. Commuting close to 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