Northeast Warren Sublease

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Northeast Warren

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
980
As of: July 19, 2017

Northeast Warren Rates

The typical asking rate per listing is in the $20's per square foot per year. The Northeast Warren region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 29% increase in rent.

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

Northeast Warren Listing Supply

In the last 90 days, 11 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 18% of the available space in the Northeast Warren are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 980 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1978 and are Class B.

Northeast Warren Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Northeast Warren folk. Commuting close to 10 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 Northeast Warren.
Market Report

Market Data

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