Utica Retail

Utica

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,950
As of: June 26, 2017

Utica Rates

On average, listings lease in the $20's per square foot per year. The Utica submarket is going through a a boost in rates. In the last 3 months, the median rate increased $21 per sqft per year.

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

Utica Listing Supply

In the last 90 days, 16 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the office spaces in the Utica are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,950 sqft. Most properties in this area are around 1 floors. Most buildings in this market were built in 1991 and are Class B.

Utica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Most of the folk of Utica work from home. Commuting between 30 and 45 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 Utica.
Market Report

Market Data

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

Utica Submarkets