West Bloomfield Retail

West Bloomfield

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
1,080
As of: July 27, 2017

West Bloomfield Rates

On average, listings lease in the $20's per square foot per year. The West Bloomfield submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

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 come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 45% of the available leases in the West Bloomfield are subleases, so you might be able to snag a great spot on a short term. 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 1,080 sqft. Most properties in this market are around 1 stories. Most buildings in this market 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 area. Commute by public transit is the most popular way to get to work amongst West Bloomfield folk. 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 West Bloomfield.
Market Report

Market Data

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

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