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Detroit Office Spaces for Sale
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FAQs about Offices for Sale in Detroit
How many Office Space listings are available for sale in Detroit?
Currently, there are 42 Office Space listings for sale near Detroit, MI. LoopNet regularly showcases the most current office listings, with new properties added frequently.
What is the cost for Office Space for sale in Detroit?
The average price per square foot for is about $110 for Detroit Office Space. Requirements such as number of employees, parking and amenity options, market demand, age and condition of building, etc. help determine the price for Office Space in the Detroit area.
How big is the Office Space available for sale in Detroit?
The average size of Office Space available for sale in Detroit, MI is approximately 27,308 SF. The largest office available is 247,869 SF and the smallest is 903 SF.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
What is the average cap rate for Office Properties in Detroit?
Currently, the average cap rate for office properties in Detroit, MI is typically 8.72%, with variations depending on specific submarkets, class of the property and current market conditions. Read through our article for more information about cap rates and what influences them.
What are the classifications of Office Buildings for sale in Detroit?
- Class A office buildings are newer, high-quality constructions located in prime areas, offering top-tier amenities and professional management.
- Class B buildings are older but well-maintained, situated in accessible locations with standard amenities and the potential for upgrades.
- Class C office spaces are typically older structures in less desirable areas, offering fewer amenities and lower rental rates.
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