Madison Heights Sublease

Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
152
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,150
As of: August 17, 2017

Madison Heights Rates

Most listings are in the $10's per square foot per year. The Madison Heights submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 12% rise in rent.

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

Madison Heights Listing Supply

In the last 90 days, 18 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 44% of the available leases in the Madison Heights 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 1,150 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1969 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