Southfield, MI Commercial Office Market

The Detroit area’s office vacancy rate increased from 17.2% at the end of 2007 to 17.4% at the end of the first quarter, with a negative net absorption of 87,043 square feet. The average lease rate increased, however, from $20.09 per square foot at the end Read More

 

Why use a tenant rep broker?

Begin your search for office space begin by selecting a tenant rep broker. You may initially ask, "should I not use the broker, and save the fee?" The reality is the cost of office space will be about the same whether or not you use a tenant rep broker. Often tenant reps can negotiate lower rates. The landlord's broker more>>

Ryan D. Richmond

248.470.8533

Northland Towers , has management on site and some of the most aggressive rates in Southfield with many great features.. Parking is plentiful with over 1,100 parking spaces, Beautiful Campus Environment!

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1000 Town Center , over 7500 square feet on the 10th floor. Will divide in two 3700 individual units. Private offices, open cubicle areas, 3 conference rooms and an eat in kitchen. This office has over $150,000 in upgrades. Sub-lease negotiable at $14 NNN per square foot.

 

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The trend in commercial real estate across the country is stagnant. Few properties are being sold; Office space sales are down 70% since last past year. Tightened credit guidelines make it difficult to purchase these properties forcing many building owners into bankruptcy. As unemployment rises there will be less tenants in the marketplace to lease space providing more challenges to landlords. read more

 

Stay informed on the Southfield, MI real estate market. While specializing in tenant representation in the Southfield office market we can remain unbias in our advice and publication. Stay up to date with market trends and research. read more