Detroit, Michigan, a major city in the Midwestern United States, is an ideal location for Industrial Space For Lease. With its rich history in the automotive industry, Detroit offers a unique blend of industrial heritage and modern infrastructure, making it an attractive destination for businesses seeking Industrial Space. The city's proximity to the Canadian border, its extensive network of freight railroads, airports, and freeways, and its floating post office serving lake freighters along the Detroit River, all contribute to its appeal as a prime location for Industrial Space. Additionally, Detroit is home to major auto manufacturers like General Motors, Ford, and Stellantis North America, and boasts a diverse culture that has influenced music genres such as Motown and techno. The city's revitalization efforts in the 2000s have preserved architectural monuments and historic sites, enhancing its tourism appeal and making it an excellent choice for businesses looking for Industrial Space For Lease.
With 58 Industrial Space listings available for lease, Detroit offers a range of options for businesses seeking space. The average annual rent per square foot is $10 USD, with an average size of 56,031 square feet and a maximum space size of 669,474 square feet. In addition to Industrial Space, Detroit also offers Flex Space, Commercial Real Estate, Land, and Restaurants For Lease, providing a diverse range of options for businesses. The city's infrastructure, amenities, and cultural attractions, including sports facilities like Comerica Park, Ford Field, and Little Caesars Arena, and notable parks like Belle Isle Park, Tri-Centennial State Park and Harbor, and River Rouge Park, make it an attractive destination for businesses and individuals alike. Overall, Detroit's unique blend of industrial heritage, modern infrastructure, and cultural attractions make it an excellent choice for businesses seeking Industrial Space For Lease.
What is the average size of industrial space for lease in the Detroit market?
The average size of industrial space for lease in the Detroit market is 56,031 square feet, with a total of 58 available listings, and an average annual rent of $10 USD per square foot, making it an attractive option for businesses looking to establish or expand their operations in the area, with access to major transportation facilities like Detroit Metropolitan Wayne County Airport and freight railroads such as Canadian National Railway and Norfolk Southern Railway.
What do I need to look for when leasing an industrial space in Detroit?
When leasing an industrial space in Detroit, there are several key factors to consider to ensure you find the right property for your business needs, including:
- Average annual rent per square foot, currently at $10 USD per square foot, and average space size, which is approximately 56,031 square feet, to determine your budget and space requirements.
- Proximity to major transportation hubs, such as Detroit Metropolitan Wayne County Airport and the Amtrak station in New Center, as well as access to freeways like Interstate 75, Interstate 94, and Interstate 96, to facilitate the movement of goods and employees.
- The type of industrial space that suits your business, with options ranging from warehouses and manufacturing facilities to distribution centers and flex spaces, among the 58 available listings in Detroit.
