Detroit, MI Retail Properties & Spaces for Lease
Detroit, MI Retail properties & Spaces Lease Rates & Market Statistics
Browse 166 Retail properties & Spaces for lease in Detroit, MI on Realmo, a commercial real estate marketplace serving the Detroit area. The current inventory totals 1,172,307 square feet of properties — an average of ~7,050 SF per listing.
Asking lease rates for Retail properties & Spaces in Detroit start at $5.35 SF/Yr, average $19.74 SF/Yr, and reach $100 SF/Yr at the top of the market. That's a 19x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. The local average of $19.74 SF/Yr is 15% above the Michigan state average of $17.11 SF/Yr.
Detroit accounts for 32% of the 519 retail properties & spaces currently available across Wayne County, where nearby markets include Westland and Livonia. By space type, the market includes 65 storefront properties, 17 automotive properties and 11 shopping centers — shopping centers typically offer the lowest entry point, while automotive properties command the highest rates.
