Downtown Grosse Pointe Retail

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Downtown Grosse Pointe

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
5,000
As of: February 20, 2017

Downtown Grosse Pointe Rates

Most listings are in the $30's per square foot per year. The Downtown Grosse Pointe region is seeing a a rise in rates. In the last 3 months, the median rate increased $36 per sqft per year.

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

Downtown Grosse Pointe Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1970.

Downtown Grosse Pointe 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 walking is the most popular way to get to work amongst Downtown Grosse Pointe folk. Commuting around 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 Downtown Grosse Pointe.
Market Report

Market Data

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

Grosse Pointe Submarkets