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Novi Office Sublease Opportunity
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24900 Joseph, Novi, MI

3,850 SF office space available for sublease in Novi.

Space Size3,850 SF
Lot Size0.30 Acres
Days on Market1798

Property Features for 24900 Joseph

General Information

Standard status Active
Size 3,850 SF
Lot size 0.30 Acres
Property subtype OFFICE

Spaces For Lease

at 24900 Joseph
24900 Joseph Drive-Building B-Sublease $16.50/SF/Yr
Floor 1
Size 3,850 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease Yes
Property Features: + Approximately 3,850 SF available for sublease + Term expires June 30, 2021 + Additional lease term available direct from landlord + Free-standing single user building + Attractive design and architecture + Full basement for on-site storage + Functional layout with private offices and open areas + Ample parking in proximity to building entrance + 24 hour control of HVAC + Easy access to area retail amenities + Building signage available + Asking Rate: $16.50/SF
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Listing Agency: CBRE | Detroit
Listed By: Jasper Hanifi
Source: Moodyscre
Added: Nov 22, 2021 Changed: Oct 10 Last Checked: Oct 24 at 2:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Detroit

Rey
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Investment Insights

Based on property information with market context.

Approximately 3,850 square feet of office space is available for sublease. The current lease term expires June 30, 2021, with the possibility of an additional lease term directly from the landlord. This is a free-standing, single-user building featuring an attractive design and architecture. The property includes a full basement for on-site storage and a functional layout with private offices and open areas. Ample parking is available near the building entrance. The HVAC system offers 24-hour control. Building signage is available. The property provides easy access to area retail amenities.

Key Highlights

  • Free‑standing single user building
  • Approximately 3,850 SF available
  • Additional lease term available direct from landlord

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

962
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Novi, MI

$19.4 /SF/Yr
Avg Asking Price
$14–$25 /SF/Yr
Price Range
19,751 SF
Avg Space Size

This space is priced 15% below the average of $19.4 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - 3,850 SF office space available for sublease in Novi.
Where is this office building located?
The property is located at 24900 Joseph Novi, MI.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Free‑standing single user building; Approximately 3,850 SF available; Additional lease term available direct from landlord
(248) 351-2020 Call to check price and availability
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