Royal Oak Sublease

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,500
As of: August 18, 2017

Royal Oak Rates

On average, listings lease in the $10's per square foot per year. The Royal Oak region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 26% decrease in rent.

Compared to the rest of the Metro Detroit market, the Royal Oak submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Royal Oak Listing Supply

In the last 90 days, 32 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 41% of the office spaces in the Royal Oak are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1950 and are Class B.

Royal Oak Community

Market Report

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

Market Data

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

Royal Oak Submarkets