Central Retail

Central

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,670
As of: December 7, 2016

Central Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central region is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.

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

Central Listing Supply

In the last 90 days, 18 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,670 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this market were built in 1935 and are Class A.

Central Community

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

Market Data

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