Southgate Retail

Southgate

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,580
As of: February 26, 2017

Southgate Rates

Most listings are in the $10's per square foot per year. The Southgate submarket is going through a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.

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

Southgate Listing Supply

In the last 90 days, 13 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 2,580 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this region were built in 1963 and are Class C.

Southgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Southgate residents. Commuting approximately 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 Southgate.
Market Report

Market Data

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

Southgate Submarkets