Novi, MI Shopping Centers for Lease
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Shopping centers for Lease in Nearby Cities
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Novi, MI Shopping centers Lease Rates & Market Statistics
Browse 10 Shopping centers for lease in Novi, MI on Realmo, a commercial real estate marketplace serving the Novi area. The current inventory totals 184,460 square feet of properties — an average of ~18,450 SF per listing.
Asking lease rates for Shopping centers in Novi start at $18 SF/Yr, average $18 SF/Yr, and reach $18 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $18 SF/Yr, the local average runs 18% above Michigan's state average of $15.26 SF/Yr.
Novi accounts for 9% of the 113 shopping centers currently available across Oakland County, where nearby markets include Troy and Southfield. Shopping centers make up 45% of the 22 Retail properties & Spaces currently for lease in Novi, with asking rates averaging $18 SF/Yr — 17% below the citywide Retail properties & Spaces average of $21.75 SF/Yr.