The Smart Zone Retail

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The Smart Zone

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
4,000
As of: December 2, 2016

The Smart Zone Rates

Most listings are in the $10's per square foot per year. The The Smart Zone region is seeing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year. That's a Inf% rise in rent.

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

The Smart Zone Listing Supply

In the last 90 days, 7 listings have come on the market, which means spaces most likley are going fast. 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.

Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area 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 market. 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