Bloomfield Hills Sublease

Bloomfield Hills

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,015
As of: December 2, 2016

Bloomfield Hills Rates

Most listings are in the $30's per square foot per year. The Bloomfield Hills submarket is going through a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 26% rise in rent.

Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Bloomfield Hills Listing Supply

In the last 90 days, 17 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,567 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1980 and are Class B.

Bloomfield Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills folk. 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 Bloomfield Hills.
Market Report

Market Data

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

Bloomfield Hills Submarkets