Morley Retail

Morley

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
85,520
As of: December 9, 2016

Morley Rates

The typical asking rate per listing is in the $20's per square foot per year. The Morley region is going through a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Metro Detroit market, the Morley submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Morley Listing Supply

In the last 90 days, 3 listings have been made available, which means leases might be leasing quickly. 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 1,650 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1928 and are Class Class B.

Morley Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Morley occupants. 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 Morley.
Market Report

Market Data

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