Novi Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Novi Rates

Compared to the rest of the Metro Detroit market, the Novi region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Novi Listing Supply

In the last 90 days, 9 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the available space in the Novi are subleases, so you might be able to find a shorter term or below market rent. 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 4,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this region were built in 1995 and are Class B.

Novi Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the occupants of Novi work from home. Commuting approximately 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 Novi.
Market Report

Market Data

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

Novi Submarkets