Downtown Detroit Retail

Downtown Detroit

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,640
As of: July 24, 2017

Downtown Detroit Rates

On average, listings lease in the $20's per square foot per year. The Downtown Detroit region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.

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

Downtown Detroit Listing Supply

In the last 90 days, 54 listings have come on the market, so you'll want to check back regularly for new listings. About 115% of the office spaces in the Downtown Detroit are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 5,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1925 and are Class B.

Downtown Detroit Community

A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Detroit 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 Downtown Detroit.
Market Report

Market Data

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