Royal Oak Retail

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
8,370
As of: March 12, 2017

Royal Oak Rates

Most listings are in the $20'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 $0 per sqft per year. That's a 1% decline in rent.

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

Royal Oak Listing Supply

In the last 90 days, 32 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Royal Oak are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 8,370 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1950 and are Class A.

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