Livonia Retail

Livonia

Office Space Market Report

Number of Listings (last 90 days)
50
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,662
As of: December 2, 2016

Livonia Rates

The typical asking rate per listing is in the $20's per square foot per year. The Livonia region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.

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

Livonia Listing Supply

In the last 90 days, 48 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Livonia are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 1978 and are Class B.

Livonia Community

Market Report

Trends and status of the commercial real estate market in Livonia.
Market Report

Market Data

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

Livonia Submarkets