Metro Detroit Retail

Metro Detroit

Office Space Market Report

Number of Listings (last 90 days)
1,312
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,530
As of: December 8, 2016

Metro Detroit Rates

Most listings are in the $20's per square foot per year. The Metro Detroit submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

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

Metro Detroit Listing Supply

In the last 90 days, 1209 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 Metro Detroit are subleases, so you will probably have to consider a longer term 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 2,500 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1975 and are Class B.

Metro Detroit Community

Market Report

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

Market Data

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