Novi Sublease

Novi

Office Space Market Report

Number of Listings (last 90 days)
25
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,730
As of: May 18, 2017

Novi Rates

Most listings are in the $20's per square foot per year. The Novi submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

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

Novi Listing Supply

In the last 90 days, 25 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the Novi are subleases, so you will probably have to consider a longer term lease. 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 1,730 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1995 and are Class B.

Novi Community

Market Report

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

Market Data

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

Novi Submarkets