Novi Retail

Novi

Office Space Market Report

Number of Listings (last 90 days)
28
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,852
As of: December 9, 2016

Novi Rates

The typical asking rate per listing is in the $20's per square foot per year. The Novi submarket is going through a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 34% increase in rent.

Compared to the rest of the Metro Detroit market, the Novi region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Novi Listing Supply

In the last 90 days, 26 listings have been posted online, which means leases 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 2,852 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1995 and are Class B.

Novi Community

Market Report

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

Market Data

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

Novi Submarkets