Ferndale Retail

Ferndale

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,350
As of: May 23, 2017

Ferndale Rates

Most listings are in the $20's per square foot per year. The Ferndale region is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% rise in rent.

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

Ferndale Listing Supply

In the last 90 days, 7 listings have been made available, which means office spaces are probably going fast. 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.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1951 and are Class C.

Ferndale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Ferndale work from home. Commuting approximately 10 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 Ferndale.
Market Report

Market Data

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

Ferndale Submarkets