Novi, MI Restaurants for Lease
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Novi, MI Restaurants Lease Rates & Market Statistics
Browse 7 Restaurants for lease in Novi, MI on Realmo, a commercial real estate marketplace serving the Novi area. The current inventory totals 34,001 square feet of properties.
Asking lease rates for Restaurants in Novi start at $19 SF/Yr, average $24.50 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 $24.50 SF/Yr, the local average runs 18% above Michigan's state average of $20.83 SF/Yr.
Novi accounts for 20% of the 35 restaurants currently available across Oakland County, where nearby markets include Ferndale and Walled Lake.