Hamtramck Retail

Hamtramck

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
3,000
As of: February 26, 2017

Hamtramck Rates

On average, listings lease in the $10's per square foot per year. The Hamtramck region is going through a a rise in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Compared to the rest of the Metro Detroit market, the Hamtramck submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Hamtramck Listing Supply

In the last 90 days, 1 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 3,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 1940 and are Class Class B.

Hamtramck Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Hamtramck occupants. Commuting between 20 and 25 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 Hamtramck.
Market Report

Market Data

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

Hamtramck Submarkets