Southfield Sublease

Southfield

Office Space Market Report

Number of Listings (last 90 days)
250
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,800
As of: December 8, 2016

Southfield Rates

On average, listings lease in the $20's per square foot per year. The Southfield region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.

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

Southfield Listing Supply

In the last 90 days, 228 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Southfield are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1977 and are Class B.

Southfield Community

Market Report

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

Market Data

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

Southfield Submarkets