Southgate Retail

Southgate

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
3,800
As of: June 26, 2017

Southgate Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southgate submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $18 per sqft per year.

Compared to the rest of the Metro Detroit market, the Southgate submarket 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 spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 69% 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.

Even though the median size is 3,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this market 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