Downtown Lathrup Village Retail

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Downtown Lathrup Village

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,340
As of: June 22, 2017

Downtown Lathrup Village Rates

Most listings are in the $10's per square foot per year. The Downtown Lathrup Village submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $17 per sqft per year.

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

Downtown Lathrup Village Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Downtown Lathrup Village are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1961 and are Class B.

Downtown Lathrup Village Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Lathrup Village 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 Lathrup Village.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lathrup Village.
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Lathrup Village Submarkets