Grosse Pointe Park Retail

Grosse Pointe Park

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,110
As of: July 21, 2017

Grosse Pointe Park Rates

On average, listings lease in the $20's per square foot per year. The Grosse Pointe Park submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.

Compared to the rest of the Metro Detroit market, the Grosse Pointe Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Grosse Pointe Park Listing Supply

In the last 90 days, 5 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 60% of the office spaces in the Grosse Pointe Park 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,110 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1924 and are Class B.

Grosse Pointe Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Grosse Pointe Park occupants. 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 Grosse Pointe Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Grosse Pointe Park.
Research

Grosse Pointe Park Submarkets