Farmington Retail

Farmington

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,290
As of: August 18, 2017

Farmington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Farmington submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.

Compared to the rest of the Metro Detroit market, the Farmington submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Farmington Listing Supply

In the last 90 days, 176 listings have been made available, so you'll want to check back regularly for new listings. About 23% of the available leases in the Farmington are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,506 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1984 and are Class B.

Farmington 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 area. Commute by taxi is the most popular way to get to work amongst Farmington residents. Commuting under 5 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 Farmington.
Market Report

Market Data

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

Farmington Hills Submarkets