Southfield Downtown Retail

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Southfield Downtown

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,680
As of: December 2, 2016

Southfield Downtown Rates

On average, listings lease in the $10's per square foot per year. The Southfield Downtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% increase in rent.

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

Southfield Downtown Listing Supply

In the last 90 days, 3 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,680 sqft. Most properties in this region are around 12 stories. Most buildings in this region were built in 1973 and are Class B.

Southfield Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southfield Downtown occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Southfield Submarkets