Royal Oak Retail

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
202
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,500
As of: August 17, 2017

Royal Oak Rates

The typical asking rate per listing is in the $10's per square foot per year. The Royal Oak region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decrease in rent.

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

Royal Oak Listing Supply

In the last 90 days, 32 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 41% of the available leases in the Royal Oak 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 1950 and are Class B.

Royal Oak Community

Market Report

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

Market Data

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

Royal Oak Submarkets