Southgate Retail

Southgate

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,000
As of: July 27, 2017

Southgate Rates

Most listings are in the $10's per square foot per year. The Southgate region is experiencing a an increase in rates. In the last 3 months, the median rate increased $20 per sqft per year.

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

Southgate Listing Supply

In the last 90 days, 13 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 146% of the listings in the Southgate are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1963 and are Class C.

Southgate Community

Market Report

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

Market Data

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

Southgate Submarkets