Dearborn Retail

Dearborn

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,070
As of: July 26, 2017

Dearborn Rates

On average, listings lease in the $10's per square foot per year. The Dearborn submarket is going through a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 25% increase in rent.

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

Dearborn Listing Supply

In the last 90 days, 19 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 89% of the office spaces in the Dearborn are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,070 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1984 and are Class B.

Dearborn Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Most of the occupants of Dearborn work from home. 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 Dearborn.
Market Report

Market Data

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