Downtown Madison Heights Sublease

Downtown Madison Heights

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,150
As of: August 19, 2017

Downtown Madison Heights Rates

On average, listings lease in the $10's per square foot per year. The Downtown Madison Heights region is going through a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year.

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

Downtown Madison Heights Listing Supply

In the last 90 days, 0 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the Downtown Madison Heights are subleases, so you might be able to find a shorter term or below market rent. 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 buildings in this area are close to 1 floors. Most buildings in this area were built in 1950 and are Class C.

Downtown Madison Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Downtown Madison Heights residents. Commuting approximately an hour 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 Madison Heights.
Market Report

Market Data

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