Livonia Retail

Livonia

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
7,620
As of: January 19, 2017

Livonia Rates

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

Compared to the rest of the Metro Detroit market, the Livonia region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Livonia Listing Supply

In the last 90 days, 47 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Livonia are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 1 floors. 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