Farmington Hills, Michigan, is a hub for commercial activity, making it an ideal location for a Commercial Real Estate Property For Lease. With its strong economy, diverse industries, and highly educated population of around 84,000 residents, Farmington Hills offers a unique blend of amenities, infrastructure, and location that makes it an attractive destination for businesses. The city is home to major companies like Nissan, Hitachi Automotive Systems Americas, Inc., and Panasonic Automotive Systems, and is served by a network of major thoroughfares, including M-5, Orchard Lake Road, 12 Mile Road, 8 Mile Road, Northwestern Highway, I-696, and I-275. Additionally, the city boasts a high quality of life, with attractions like the Holocaust Memorial Center, Heritage Park, and Riley Skate Park, making it an excellent place for business and travel.
With 133 Commercial Real Estate Properties For Lease available in Farmington Hills, businesses can find the perfect space to suit their needs. The city's diverse economy, which includes automotive, technology, and finance sectors, supports a range of commercial properties, including Office Space, Coworking Space, Retail Space, and Industrial Space. For instance, Office Space in Farmington Hills offers easy access to major highways and a highly educated workforce, while Coworking Space provides a collaborative environment for startups and entrepreneurs. Retail Space in the city benefits from a strong consumer base, and Industrial Space is supported by the city's extensive transportation network. With average annual rent per square foot at $18 USD, and spaces ranging from 85 to 274,609 square feet, Farmington Hills offers a range of commercial properties to suit different business needs.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Farmington Hills, there are several key factors to consider, including:
- Location and accessibility, with proximity to major thoroughfares like I-696 and I-275, as well as public transportation options like the Suburban Mobility Authority for Regional Transportation (SMART) bus system, which can impact foot traffic and employee commute times.
- The size and layout of the space, with options ranging from 15,525 square feet to 274,609 square feet, to ensure it meets the needs of your business and employees.
- The cost of leasing, with an average annual rent of $18 USD per square foot, as well as any additional fees or expenses, to ensure it fits within your budget and aligns with your business goals.
With 133 available listings of commercial real estate in Farmington Hills, it's essential to carefully consider these factors to find the right space for your business.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent in Farmington Hills, it's essential to consider the specific needs of your business. With 133 available listings of commercial real estate to choose from, you'll want to focus on finding a space that aligns with your operational requirements, budget, and growth plans.
- Assess your business's square footage needs by considering factors such as employee count, equipment requirements, and storage needs. For example, the average size of commercial properties for lease in Farmington Hills is 15,525 square feet, with a maximum space size of 274,609 square feet.
- Evaluate the type of commercial property that best suits your business, such as office, retail, or industrial space, and consider the amenities and features that are essential to your operations, like proximity to transportation hubs, parking, and loading facilities.
- Calculate your budget by considering the average annual rent per square foot in Farmington Hills, which is $18 USD, and factor in additional costs such as utilities, maintenance, and insurance.
