Downtown Ferndale Sublease

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Downtown Ferndale

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,350
As of: May 22, 2017

Downtown Ferndale Rates

On average, listings lease in the $20's per square foot per year. The Downtown Ferndale submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 29% rise in rent.

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

Downtown Ferndale Listing Supply

In the last 90 days, 4 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 1,350 sqft. Most properties in this area are close to 1 floors. Most buildings in this region were built in 1959 and are Class C.

Downtown Ferndale Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Ferndale occupants. Commuting under 5 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 Downtown Ferndale.
Market Report

Market Data

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