New Baltimore Retail

New Baltimore

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,200
As of: May 22, 2017

New Baltimore Rates

On average, listings lease in the $20's per square foot per year. The New Baltimore submarket is going through a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 50% increase in rent.

Compared to the rest of the Metro Detroit market, the New Baltimore submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

New Baltimore Listing Supply

In the last 90 days, 8 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 3,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1990 and are Class B.

New Baltimore Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst New Baltimore occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

New Baltimore Submarkets