Madison Heights Retail

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,150
As of: August 16, 2017

Madison Heights Rates

On average, listings lease in the $10's per square foot per year. The Madison Heights region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 12% rise in rent.

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

Madison Heights Listing Supply

In the last 90 days, 18 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 44% of the office spaces in the Madison Heights are subleases, so you might be able to snag a great spot on a short term. 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 1,150 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1969 and are Class B.

Madison Heights Community

Market Report

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

Market Data

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