Walled Lake Retail

Walled Lake

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,200
As of: June 25, 2017

Walled Lake Rates

On average, listings lease in the $20's per square foot per year. The Walled Lake submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.

Compared to the rest of the Metro Detroit market, the Walled Lake submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Walled Lake Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Walled Lake 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 4,200 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1964 and are Class B.

Walled Lake Community

Market Report

Trends and status of the commercial real estate market in Walled Lake.
Market Report

Market Data

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

Walled Lake Submarkets