Southfield, Michigan, is a hub for commercial activity, making it an ideal location for a Commercial Real Estate Property For Lease. With its proximity to Detroit and its own thriving business districts, Southfield offers a unique blend of amenities, infrastructure, and location that makes it an attractive option for businesses. The city is home to Lawrence Technological University, and its Southfield City Centre is a mixed-use area featuring a major business center, private university, and residential neighborhoods. Additionally, the city's infrastructure is well-connected, with the Southfield Freeway (M-39), I-696, and US 24 (Telegraph Road) providing easy access to surrounding areas. With companies like Veoneer, Huf Hülsbeck and Fürst, Denso, and Federal-Mogul calling Southfield home, it's no wonder that the city is a great place for business and travel.
When it comes to Commercial Real Estate in Southfield, there are 131 options available, ranging from 85 square feet to 274,609 square feet, with an average annual rent of $16 USD per square foot. In addition to Commercial Real Estate, Southfield also offers Office Space, Coworking Space, Retail Space, and Industrial options, each with its own unique characteristics and benefits. For example, Office Space in Southfield is ideal for businesses looking for a professional setting, while Coworking Space provides a collaborative environment for entrepreneurs and startups. Retail Space in Southfield offers a range of options for businesses looking to connect with customers, and Industrial options provide the necessary infrastructure for manufacturing and distribution. With its diverse range of property types and amenities, Southfield is an attractive option for businesses of all sizes and industries.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Southfield, Michigan, there are several key factors to consider, including:
- Average annual rent per square foot, which is currently $16 USD per square foot, and the average size of available listings, which is 13,953 square feet, to ensure you're getting a fair deal;
- The maximum space size available, which is 274,609 square feet, to accommodate your business needs;
- The location and accessibility of the property, with proximity to major transportation hubs like the John C. Lodge Freeway (M-10), I-696, and US 24 (Telegraph Road), as well as the availability of local amenities, such as parks, hospitals, and sports facilities, to support your business operations.
With 131 available listings of commercial real estate in Southfield, it's essential to carefully consider these factors to find the perfect 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 for your business needs in Southfield, Michigan, it's essential to consider factors such as the size of the space, location, and amenities. With 131 available listings of commercial real estate for lease in Southfield, you'll want to narrow down your options by identifying your specific requirements.
- Assess your business needs by considering the number of employees, equipment, and inventory you'll need to accommodate, as well as any specific features such as loading docks, high ceilings, or office spaces. For example, the average size of commercial properties for lease in Southfield is 13,953 square feet, with a maximum space size of 274,609 square feet.
- Research the local market to determine the average annual rent per square foot, which is $16 USD in Southfield, to ensure you're getting a fair deal.
- Consider the location and accessibility of the property, taking into account proximity to major transportation hubs, such as the John C. Lodge Freeway (M-10), I-696, and US 24 (Telegraph Road), as well as local amenities like parks, restaurants, and shopping centers.
