Detroit, MI Conventional Restaurants for Lease
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Conventional restaurants for Lease in Nearby Cities
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Detroit, MI Conventional restaurants Lease Rates & Market Statistics
Browse 11 Conventional restaurants for lease in Detroit, MI on Realmo, a commercial real estate marketplace serving the Detroit area. The current inventory totals 32,792 square feet of properties — an average of ~3,000 SF per listing.
Asking lease rates for Conventional restaurants in Detroit start at $13.04 SF/Yr, average $22.67 SF/Yr, and reach $35 SF/Yr at the top of the market. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $22.67 SF/Yr is 9% above the Michigan state average of $20.83 SF/Yr.
Detroit accounts for 39% of the 28 conventional restaurants currently available across Wayne County, where nearby markets include Canton and Taylor. Conventional restaurants make up 52% of the 21 Restaurants currently for lease in Detroit, with asking rates in line with the citywide Restaurants average. Also worth a look for tenants weighing alternatives: Coffee shops (4 listings) and Bars & Pubs (3 listings) elsewhere in the Detroit market.
