Northfield Sublease

Northfield

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,120
As of: August 19, 2017

Northfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northfield submarket is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% increase in rent.

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

Northfield Listing Supply

In the last 90 days, 24 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Northfield are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,120 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this area were built in 1989 and are Class A.

Northfield Community

Public administration is the dominant industry in this region. Most of the residents of Northfield work from home. Commuting around an hour 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 Northfield.
Market Report

Market Data

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