Royal Oak Sublease

Royal Oak

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
7,500
As of: March 30, 2017

Royal Oak Rates

The typical asking rate per listing is in the $20's per square foot per year. The Royal Oak submarket is seeing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.

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

Royal Oak Listing Supply

In the last 90 days, 32 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Royal Oak are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,370 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1950 and are Class A.

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