Detroit, MI Conventional Restaurants for Lease
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Detroit, MI Conventional restaurants Lease Rates & Market Statistics
Browse 17 Conventional restaurants for lease in Detroit, MI on Realmo, a commercial real estate marketplace serving the Detroit area. The current inventory totals 39,692 square feet of properties — an average of ~2,350 SF per listing.
Asking lease rates for Conventional restaurants in Detroit start at $13.04 SF/Yr, average $23.23 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 $23.23 SF/Yr is 14% above the Michigan state average of $20.43 SF/Yr.
Detroit accounts for 49% of the 35 conventional restaurants currently available across Wayne County, where nearby markets include Livonia and Northville. Conventional restaurants make up 59% of the 29 Restaurants currently for lease in Detroit, with asking rates in line with the citywide Restaurants average. Also worth a look for tenants weighing alternatives: Bars & Pubs (4 listings) and Coffee shops (4 listings) elsewhere in the Detroit market.