Northville Retail

Northville

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,340
As of: December 10, 2016

Northville Rates

On average, listings lease in the $20's per square foot per year. The Northville region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

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

Northville Listing Supply

In the last 90 days, 18 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,340 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1984 and are Class A.

Northville Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Most of the residents of Northville work from home. Commuting around an hour and a half 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 Northville.
Market Report

Market Data

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

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