The Smart Zone Retail

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The Smart Zone

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
17,390
As of: May 27, 2017

The Smart Zone Rates

Most listings are in the $10's per square foot per year. The The Smart Zone submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.

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

The Smart Zone Listing Supply

In the last 90 days, 19 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 17,390 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this region were built in 1986 and are Class B.

The Smart Zone Community

This region is fairly equally mixed residential and commercial. Company management is the dominant industry in this region. Commute by car is the most popular way to get to work amongst The Smart Zone folk. Commuting more than an hour and a half 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 The Smart Zone.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Smart Zone.
Research