Bingham Farms Sublease

Bingham Farms

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,230
As of: December 8, 2016

Bingham Farms Rates

On average, listings lease in the $20's per square foot per year. The Bingham Farms region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Metro Detroit market, the Bingham Farms submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Bingham Farms Listing Supply

In the last 90 days, 9 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available space in the Bingham Farms 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,230 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1979 and are Class B.

Bingham Farms Community

Market Report

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

Market Data

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