Lower East Detroit Retail

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Lower East Detroit

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
35,000
As of: December 2, 2016

Lower East Detroit Rates

The typical asking rate per listing is in the $10's per square foot per year. The Lower East Detroit region is going through a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a Inf% increase in rent.

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

Lower East Detroit Listing Supply

In the last 90 days, 2 listings have been posted online, which means spaces 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 35,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1941 and are Class Class B.

Lower East Detroit Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Lower East Detroit residents. Commuting approximately 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 Lower East Detroit.
Market Report

Market Data

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