Novi, MI Flex Space for Lease
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Flex space for Lease in Nearby Cities
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Novi, MI Flex space Lease Rates & Market Statistics
Browse 16 Flex space listings for lease in Novi, MI on Realmo, a commercial real estate marketplace serving the Novi area. The current inventory totals 249,829 square feet of properties — an average of ~15,600 SF per listing.
Asking lease rates for Flex space in Novi start at $12 SF/Yr, average $13.50 SF/Yr, and reach $16 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $13.50 SF/Yr, the local average runs 23% above Michigan's state average of $11.01 SF/Yr.
Novi accounts for 9% of the 171 flex space listings currently available across Oakland County, where nearby markets include Troy and Farmington Hills. Flex space listings make up 70% of the 23 Industrial properties currently for lease in Novi, with asking rates averaging $13.50 SF/Yr — 13% above the citywide Industrial properties average of $11.99 SF/Yr. Tenants comparing options may also consider Other industrial properties (4 listings) elsewhere in the Novi market.