Metro Detroit Retail

Metro Detroit

Office Space Market Report

Number of Listings (last 90 days)
1,929
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,570
As of: February 26, 2017

Metro Detroit Rates

On average, listings lease in the $20's per square foot per year. The Metro Detroit region is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase 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 discounted region.

Metro Detroit Listing Supply

In the last 90 days, 1941 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Metro Detroit 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,570 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region 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