Bloomfield Hills Retail

Bloomfield Hills

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,770
As of: March 12, 2017

Bloomfield Hills Rates

On average, listings lease in the $20's per square foot per year. The Bloomfield Hills submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Bloomfield Hills Listing Supply

In the last 90 days, 53 listings have been made available, 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 1,770 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1980 and are Class A.

Bloomfield Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills residents. Commuting between 30 and 45 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 Bloomfield Hills.
Market Report

Market Data

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

Bloomfield Hills Submarkets