Metro Detroit Sublease

Metro Detroit

Office Space Market Report

Number of Listings (last 90 days)
1,318
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,528
As of: December 10, 2016

Metro Detroit Rates

The typical asking rate per listing is in the $20's per square foot per year. The Metro Detroit region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

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

Metro Detroit Listing Supply

In the last 90 days, 1318 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Metro Detroit are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,528 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this region were built in 1975 and are Class B.

Metro Detroit Community

Market Report

Trends and status of the commercial real estate market in Metro Detroit.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Metro Detroit.
Research