Westland Retail

Westland

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
950
As of: July 24, 2017

Westland Rates

The typical asking rate per listing is in the $40's per square foot per year. The Westland region is going through a a boost in rates. In the last 3 months, the median rate rose $45 per sqft per year.

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

Westland Listing Supply

In the last 90 days, 16 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Westland 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 950 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1975 and are Class C.

Westland Community

Market Report

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

Market Data

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

Westland Submarkets