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Furnished Creative Space Sublease
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719 Griswold St, Detroit, MI 48226

7,848 SF fully furnished creative space available for sublease.

Space Size7,848 SF
Property Size393,897 SF
Days on Market1229

Property Features for 719 Griswold St

General Information

Standard status Active
Size 7,848 SF
Class A
Property subtype Office
Lease Type Net

Building Details

Building Size 393,897 SF
Year Built 1912
Tenancy Multiple

Spaces For Lease

at 719 Griswold St Contact us

Suite 720

Size
7,848 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Newmark | Detroit - Southfield
Listed By: Daniel Canvasser · License #6506043901
Source: Crexi
Added: Apr 11, 2023 Changed: Aug 12 Last Checked: Aug 12 at 9:33AM

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 Newmark | Detroit - Southfield

Investment Insights

Based on property information with market context.

This 7,848 square-foot sublease opportunity features a fully furnished, modern, plug-and-play creative space, ready for immediate occupancy. The lease is available through January 31, 2027.

Key Highlights

  • Fully Furnished, Modern, Plug and Play Space
  • Sublease through January 31, 2027
  • 7,848 SF Space

Property Analytics

Current Use

Jay Dee Contractors Construction Company Sewell Eugene Insurance Agency University of Phoenix University Northwestern Mutual Financial Advisor Dalton & Tomich PLC Law Firm

Suggested Use

Top Pick Auto Parts Store Electrical Service HVAC Service Kitchen & Bath Showroom Veterinary Clinic Daycare Center

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,740
Businesses Nearby

Demographics for 48226, MI

6,307
Population
5,160
Households
1.2
Avg Household Size
37
Median Age
53%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
5,256
Density / Sq Mi
$69,813
Median Household Income
$60,957
Median Earnings
$1,714
Median Rent
$307,700
Median Home Value

Market

Lease Benchmarks for Detroit, MI

$19.87 /SF/Yr
Avg Asking Price
$12.39–$27 /SF/Yr
Price Range
9,118 SF
Avg Space Size

This space is priced 36% above the average of $19.87 /SF/Yr.

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Creative space - 7,848 SF fully furnished creative space available for sublease.
Where is this creative space located?
The property is located at 719 Griswold St Detroit, MI.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Fully Furnished, Modern, Plug and Play Space; Sublease through January 31, 2027; 7,848 SF Space
More about this property
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