Northwest Warren Sublease

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Northwest Warren

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,890
As of: July 24, 2017

Northwest Warren Rates

On average, listings lease in the $10's per square foot per year. The Northwest Warren submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 29% decrease in rent.

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

Northwest Warren Listing Supply

In the last 90 days, 3 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 133% of the available leases in the Northwest Warren 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,890 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 1986 and are Class B.

Northwest 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 public transit is the most popular way to get to work amongst Northwest Warren 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 Northwest Warren.
Market Report

Market Data

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