Farmington Hills, Michigan, is a hub for businesses, offering a unique blend of amenities, infrastructure, and education that makes it an ideal location for Office Space For Lease. With a population of around 83,986 residents, the city boasts a diverse economy, with major companies like Nissan, Hitachi Automotive Systems Americas, Inc., and Panasonic Automotive Systems calling it home. The city's infrastructure is well-connected, with major thoroughfares like M-5, Orchard Lake Road, and I-696, making it easily accessible. Additionally, the presence of institutions like Oakland Community College and Wayne State University provides a skilled workforce, making it an attractive location for businesses. The city's affluent neighborhoods, rolling hills, and high household net worth also contribute to its appeal, making it a great place for business and travel, with attractions like the Holocaust Memorial Center and Heritage Park.
With 89 Office Space listings available For Lease, Farmington Hills offers a range of options for businesses. The average annual rent per square foot is $18 USD, with sizes ranging from 85 square feet to 274,609 square feet. In addition to Office Space, the city also offers Coworking Space, Flex Space, Medical Offices, and Retail Space options, catering to diverse business needs. For instance, Coworking Space is ideal for startups and entrepreneurs, while Flex Space provides flexibility for businesses with changing needs. Medical Offices are perfect for healthcare professionals, and Retail Space is suitable for businesses that require a storefront. With its diverse economy, excellent infrastructure, and range of property options, Farmington Hills is an attractive location for businesses of all sizes and types.
What is the average size of office space for lease in the Farmington Hills market?
In the Farmington Hills market, the average size of office space for lease is 16,787 square feet, with a total of 89 available listings, and a maximum space size of 274,609 square feet.
Are there different types of office space leases available?
In Farmington Hills, Michigan, where there are currently 89 available listings of office space, you can find various types of office space leases to suit your business needs, including:
- Traditional leases, which offer a fixed rent and lease term, often ranging from 3 to 10 years, with an average annual rent of $18 USD per square foot and an average size of 16,787 square feet;
- Flexible or short-term leases, which provide more flexibility and can be ideal for startups or businesses with changing needs, with options for lease terms as short as 6 months;
- Subleases, which allow you to rent office space from an existing tenant, often with more flexible lease terms and a maximum space size of 274,609 square feet.
