Southgate Sublease

Southgate

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
3,800
As of: June 24, 2017

Southgate Rates

Most listings are in the $10's per square foot per year. The Southgate region is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Compared to the rest of the Metro Detroit market, the Southgate region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Southgate Listing Supply

In the last 90 days, 13 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 69% of the available leases in the Southgate are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1963 and are Class C.

Southgate Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Southgate residents. Commuting around 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 Southgate.
Market Report

Market Data

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

Southgate Submarkets