Farmington Retail

Farmington

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
780
As of: December 8, 2016

Farmington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Farmington region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 26% rise in rent.

Compared to the rest of the Metro Detroit market, the Farmington region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Farmington Listing Supply

In the last 90 days, 6 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 780 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1962 and are Class B.

Farmington Community

Market Report

Trends and status of the commercial real estate market in Farmington.
Market Report

Market Data

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

Farmington Submarkets