Ferndale Sublease

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Ferndale

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,350
As of: June 25, 2017

Ferndale Rates

On average, listings lease in the $20's per square foot per year. The Ferndale region is experiencing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year.

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

Ferndale Listing Supply

In the last 90 days, 7 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 129% of the listings in the Ferndale 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 1,350 sqft. Most properties in this region are around 1 floors. Most buildings in this area were built in 1951 and are Class Class B.

Ferndale Community

Market Report

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

Market Data

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

Ferndale Submarkets