Lathrup Village Sublease

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Lathrup Village

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
700
As of: June 25, 2017

Lathrup Village Rates

The typical asking rate per listing is in the $10's per square foot per year. The Lathrup Village submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.

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

Lathrup Village Listing Supply

In the last 90 days, 4 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Lathrup Village 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 700 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1966 and are Class B.

Lathrup Village Community

Market Report

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

Market Data

Real time and historical data on commercial real estate listings in Lathrup Village.
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Lathrup Village Submarkets