SMB Estates Sublease

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SMB Estates

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
8,910
As of: February 24, 2017

SMB Estates Rates

On average, listings lease in the $20's per square foot per year. The SMB Estates submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 56% increase in rent.

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

SMB Estates Listing Supply

In the last 90 days, 2 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 8,910 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1979 and are Class C.

SMB Estates Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst SMB Estates residents. 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 SMB Estates.
Market Report

Market Data

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

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