Southfield Retail

Southfield

Office Space Market Report

Number of Listings (last 90 days)
221
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,760
As of: December 3, 2016

Southfield Rates

On average, listings lease in the $20's per square foot per year. The Southfield region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.

Compared to the rest of the Metro Detroit market, the Southfield submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Southfield Listing Supply

In the last 90 days, 221 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Southfield are subleases, so you will probably have to consider a longer term lease. 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 2,760 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1977 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