Utica Sublease

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Utica

Office Space Market Report

Number of Listings (last 90 days)
218
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,590
As of: August 17, 2017

Utica Rates

Most listings are in the $20's per square foot per year. The Utica region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Metro Detroit market, the Utica region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Utica Listing Supply

In the last 90 days, 16 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 69% of the available leases in the Utica are subleases, so you might be able to snag a great spot on a short term. 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 5,590 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this region were built in 1991 and are Class B.

Utica Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this market. Most of the residents of Utica work from home. Commuting between 30 and 45 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 Utica.
Market Report

Market Data

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

Utica Submarkets