West Bloomfield Retail

West Bloomfield

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,510
As of: June 22, 2017

West Bloomfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The West Bloomfield submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Compared to the rest of the Metro Detroit market, the West Bloomfield submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

West Bloomfield Listing Supply

In the last 90 days, 29 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 72% of the available leases in the West Bloomfield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,510 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 1985 and are Class B.

West Bloomfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst West Bloomfield occupants. Commuting close to 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 West Bloomfield.
Market Report

Market Data

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

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