Madison Heights Sublease

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
2,210
As of: December 10, 2016

Madison Heights Rates

Most listings are in the $10's per square foot per year. The Madison Heights region is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 29% decline in rent.

Compared to the rest of the Metro Detroit market, the Madison Heights region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Madison Heights Listing Supply

In the last 90 days, 16 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the listings in the Madison Heights are subleases, so you might be able to snag a great spot on a short term. 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 2,210 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1967 and are Class B.

Madison Heights Community

Market Report

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

Market Data

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

Madison Heights Submarkets