Royal Oak Retail

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
2,300
As of: July 25, 2017

Royal Oak Rates

The typical asking rate per listing is in the $20's per square foot per year. The Royal Oak submarket is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% increase in rent.

Compared to the rest of the Metro Detroit market, the Royal Oak submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Royal Oak Listing Supply

In the last 90 days, 32 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 47% of the available space 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this region are approximately 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