Southfield Downtown Sublease

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Southfield Downtown

Office Space Market Report

Number of Listings (last 90 days)
64
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
5,450
As of: May 19, 2017

Southfield Downtown Rates

On average, listings lease in the $10's per square foot per year. The Southfield Downtown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 35% decline in rent.

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

Southfield Downtown Listing Supply

In the last 90 days, 64 listings have been listed, so you'll want to check back regularly for new listings. 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 5,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 12 stories. Most buildings in this market were built in 1969 and are Class B.

Southfield Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Southfield Downtown occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Southfield Submarkets