Southfield, MI Commercial Real Estate for Lease and Sale

Explore 160 listings of Southfield commercial real estate to find the best space for your business.

16990 Twelve Mile Road

16990 Twelve Mile Road, Southfield, MI
Property

Office

5,720 SF
Year Built

1954
For Sale Contact for pricing
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Cornerstone Plaza

23647-23881 Greenfield Road, Southfield, MI
Property

Retail

122,783 SF
Availability

4 Spaces

19,400 SF
For Lease Contact for pricing
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27650 Franklin Road

27650 Franklin Road, Southfield, MI
Property

Office

42,303 SF
Year Built

1985
For Sale

$150/SF
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29532 Southfield Road
The Practice Collective
29532 Southfield Road #115, Lathrup Village, MI
Services

Event Space

Meeting Room

Private Office
Amenities

Business address

High-speed wifi

Office furniture

Professional & social events
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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 Southfield commercial real estate market incorporates 14,099,156 square feet of office space across 112 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 Southfield commercial real estate market includes 1,475,127 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 Southfield market, there is a total of 411,557 square feet of industrial property.
The listing inventory in Southfield 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 Southfield is represented by Office space, which accounts for 5,125,505 square feet of available listings. Retail space available in Southfield adds up to 300,511 square feet.

Meanwhile, most of the listings of commercial property for sale in Southfield are in the Office 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 Southfield is $16.15 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 Southfield 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 $20.47 per square foot, industrial space in Southfield saw average rents of $10.06 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 Southfield, depending on the property type you are interested in.

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 $28 per square foot. In particular, the property type commanding the highest lease rates in Southfield was Office space.
The average size of a commercial property in Southfield 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 Southfield, the average size of an office property is 133,011 square feet.
- Retail properties here incorporate an average of 56,736 square feet.
- Industrial space in Southfield is in buildings that are, on average 68,593 square feet in size.

Southfield, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Southfield currently add up to 5,470,357 square feet. The market offers 93 active office listing(s), which amount to 5,125,505 square feet and account for 77% of commercial spaces on the market. Local retail availability includes 300,511 square feet across 21 retail space(s). Industrial space for rent opportunities in Southfield amount to 44,341 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	93	5,125,505
Retail	21	300,511
Industrial	5	44,341

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 Southfield, MI. Currently, there is 1,826,067 square feet of commercial property for sale here , which includes 19 office building(s) for sale , 6 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	19	1,425,175
Retail	6	318,740
Industrial	2	82,151
Other	3	1

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Southfield, MI Commercial Real Estate for Lease and Sale

16990 Twelve Mile Road

Cornerstone Plaza

27650 Franklin Road

29532 Southfield Road

Frequently Asked Questions

Southfield, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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