Novi, MI Conventional Restaurants for Lease
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Novi, MI Conventional restaurants Lease Rates & Market Statistics
Browse 2 Conventional restaurants for lease in Novi, MI on Realmo, a commercial real estate marketplace serving the Novi area. The current inventory totals 13,121 square feet of properties.
Asking lease rates for Conventional restaurants in Novi start at $30 SF/Yr, average $30 SF/Yr, and reach $30 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $30 SF/Yr, the local average runs 47% above Michigan's state average of $20.35 SF/Yr.
Novi accounts for 9% of the 22 conventional restaurants currently available across Oakland County, where nearby markets include Ferndale and Troy. Conventional restaurants are one of the more limited space types in Novi, with just 2 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Other restaurants (3 listings) elsewhere in the Novi market.
