Novi Sublease

Novi

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,030
As of: January 19, 2017

Novi Rates

The typical asking rate per listing is in the $20's per square foot per year. The Novi region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.

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

Novi Listing Supply

In the last 90 days, 34 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. 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 4,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region 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