Detroit, MI Commercial Real Estate for Lease and Sale

Explore 435 listings of Detroit commercial real estate to find the best space for your business.

1260 Library Street

1260 Library Street, Downtown Detroit, Detroit, MI
Property

Office

15,100 SF
Availability

3 Spaces

9,550 SF
Year Built

1926
For Lease

$21.00 - $3,500.00/SF/YR
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601 Washingon Blvd

601 Washingon Blvd, Downtown Detroit, Detroit, MI
Property

Office

22,629 SF
Availability

3 Spaces

22,629 SF
For Lease

$24.00/SF/YR
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15500 West 7 Mile Road

15500 West 7 Mile Road, Greenfield, Detroit, MI
Property

Retail

2,750 SF
Year Built

1988
For Sale Contact for pricing
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3431 Joy Road

3431 Joy Road, Rosa Parks, Detroit, MI
Property

Retail

12,198 SF
For Sale

$1,044,444
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Restaurant Space

1420 Randolph Street, Downtown Detroit, Detroit, MI
Property

Retail

5,300 SF
Availability

1 Space

5,300 SF
For Lease Contact for pricing
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Broderick Tower

1570 Woodward Avenue, Downtown Detroit, Detroit, MI
Property

Office

9,082 SF
Availability

3 Spaces

13,995 SF
Year Built

2012
For Lease

$23.00/SF/YR
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24 Ferris Street
Boys & Girls Clubs of Southeastern Michigan
24 Ferris Street, Highland Park, MI
Services

Open Workspace

Meeting Room
Amenities

Gym
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9171 W Fort

9171 W Fort, West Riverfront, Detroit, MI
Property

VacantLand

1,703 SF
Year Built

1884
For Sale

$200,000
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7720 W Chicago

7720 W Chicago, Tireman, Detroit, MI
Property

Industrial

15,585 SF
For Sale

$825,000
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For Ground Lease | Vacant Commercial Site

13715 Gratiot Avenue | Detroit, Mt. Olivet, Detroit, MI
Property

Other
Availability

1 Space

1.03 Acre
For Lease Contact for pricing
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Lansing Apartments | Detroit, MI

2199 Lansing St, Vernor - Junction, Detroit, MI
Property

Other

36,009 SF
Year Built

1925
For Sale

$4,428,000
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12921-12941 Woodward Avenue

12921 Woodward Avenue, Highland Park, MI
Property

VacantLand

0.87 Acre
For Sale

$1,050,000
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426 Clinton Street

426 Clinton Street, Downtown Detroit, Detroit, MI
Property

Office

69,774 SF
Year Built

1977
For Sale

$4,300,000
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Grand River Avenue & Beck Road

Grand River Ave & Beck Rd, Mackenzie, Novi, MI
Property

VacantLand

15 Acre
For Sale

$3,000,000
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7 Mile & Lauder Center

14806-14846 West 7 Mile Road, Greenfield, Detroit, MI
Property

Retail

10,000 SF
Availability

2 Spaces

3,000 SF
For Lease Contact for pricing
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78 Peterboro Street

78 Peterboro Street, Lower Woodward, Detroit, MI
Property

VacantLand

0.22 Acre
For Sale Contact for pricing
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For Sale | Former Detroit Hardware

6432 Woodward Avenue | Detroit, Middle Woodward, Detroit, MI
Property

Retail

5,574 SF
For Sale

$899,000
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For Sale/Leasing Now > New Construction 443,156 SF State of the Art Manufacturing Logistics or Distribution Facility

13751 Hamilton Avenue, Highland Park, MI
Property

Industrial

443,156 SF
Year Built

2022
For Sale Contact for pricing
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20419 Mack Ave

20419 Mack Ave, Grosse Pointe Woods, MI
Property

Retail

3,320 SF
Availability

1 Space

3,300 SF
Year Built

1954
For Lease

$29.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Detroit commercial real estate market incorporates 17,564,033 square feet of office space across 106 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Detroit commercial real estate market includes 2,994,704 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Detroit market, there is a total of 9,910,939 square feet of industrial property.

The listing inventory in Detroit incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Detroit is represented by Office space, which accounts for 5,115,076 square feet of available listings. Industrial space available in Detroit adds up to 5,060,053 square feet.

Meanwhile, most of the listings of commercial property for sale in Detroit are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Detroit is $21.04 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Detroit can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $26.3 per square foot, industrial space in Detroit saw average rents of $6.55 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Detroit, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Detroit is in the Downtown Detroit neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Detroit area.

Meanwhile, retail space opportunities are most abundant in the Downtown Detroit submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Butzel - Indian Village.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25.5 per square foot. In particular, the property type commanding the highest lease rates in Detroit was Office space.

Conversely, the highest sale price last year was $150,000,000 that is located at 2025 Woodward Avenue.

The average size of a commercial property in Detroit depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Detroit, the average size of an office property is 195,156 square feet.
Retail properties here incorporate an average of 23,397 square feet.
Industrial space in Detroit is in buildings that are, on average 117,988 square feet in size.

Detroit, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Detroit currently add up to 23,660,300 square feet. The market offers 83 active office listing(s), which amount to 5,022,485 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 604,493 square feet across 97 retail space(s). Industrial space for rent opportunities in Detroit amount to 4,731,689 square feet across a total of 48 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	83	5,022,485
Retail	97	604,493
Industrial	48	4,731,689
Other	10	13,301,633

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Detroit, MI. Currently, there is 10,375,929 square feet of commercial property for sale here , which includes 22 office building(s) for sale , 58 retail investment opportunity listing(s) , and 44 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	22	1,514,854
Retail	58	562,328
Industrial	44	2,652,678
Other	60	5,646,069

Detroit, MI Commercial Real Estate Market Overview

Following Detroit’s post-deindustrialization population decline, well-organized private and public investment plans in recent decades have contributed greatly to the economic and cultural resurgence of the city. In fact, through its combination of reinvestment and revamped social policies, Detroit has come to serve as a role model for all areas that are looking to re-energize their urban centers. As a result, commercial real estate in Detroit is now among the most attractive in the nation — to developers and investors alike.

Specifically, the city’s revitalized central business district is home to some of the country’s most impressive commercial complexes, as well as a large number of value-add historic properties, which offer great potential for flexibility of space and can accommodate enterprises of all sizes and operating in any industry. Detroit meets the needs for business growth in an increasingly diverse business environment — home to high tech business incubators; enterprises working in cybersecurity and defense; information technology and software companies. So, it’s no surprise that the region leads the nation in stimulating demand for broadband.

Detroit, MI Commercial Real Estate for Lease and Sale

1260 Library Street

601 Washingon Blvd

15500 West 7 Mile Road

3431 Joy Road

Restaurant Space

Broderick Tower

24 Ferris Street

9171 W Fort

7720 W Chicago

For Ground Lease | Vacant Commercial Site

Lansing Apartments | Detroit, MI

12921-12941 Woodward Avenue

426 Clinton Street

Grand River Avenue & Beck Road

7 Mile & Lauder Center

78 Peterboro Street

For Sale | Former Detroit Hardware

For Sale/Leasing Now > New Construction 443,156 SF State of the Art Manufacturing Logistics or Distribution Facility

20419 Mack Ave

Frequently Asked Questions

Detroit, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Detroit, MI Commercial Real Estate Market Overview

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Detroit, MI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Detroit, MI?

What factors affect the price of commercial real estate in Detroit, MI?

What is the average rent for commercial space in Detroit, MI?

What are the best areas for commercial real estate in Detroit, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Detroit, MI?

Detroit, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Detroit, MI Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us