Southfield Retail

Southfield

Office Space Market Report

Number of Listings (last 90 days)
410
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,370
As of: June 24, 2017

Southfield Rates

Most listings are in the $20's per square foot per year. The Southfield region is going through a an increase 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 Southfield region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Southfield Listing Supply

In the last 90 days, 410 listings have been posted online, so you'll want to check back regularly for new listings. About 19% of the listings in the Southfield 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,370 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1978 and are Class B.

Southfield Community

Market Report

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

Market Data

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

Southfield Submarkets