Royal Oak, MI Storefront Properties for Lease
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Storefront properties for Lease in Nearby Cities
Similar Spaces for Sale in Royal Oak, MI
Royal Oak, MI Storefront properties Lease Rates & Market Statistics
Explore 10 Storefront properties for lease in Royal Oak, MI on Realmo, a commercial real estate exchange covering the Royal Oak area. The current inventory totals 16,167 square feet of properties — an average of ~1,600 SF per listing.
Asking lease rates for Storefront properties in Royal Oak start at $13 SF/Yr, average $20.50 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. The local average of $20.50 SF/Yr is 23% above the Michigan state average of $16.61 SF/Yr.
Royal Oak accounts for 12% of the 86 storefront properties currently available across Oakland County, where nearby markets include Pontiac and Madison Heights. Storefront properties make up 34% of the 29 Retail properties & Spaces currently for lease in Royal Oak, with asking rates averaging $20.50 SF/Yr — 11% below the citywide Retail properties & Spaces average of $23.03 SF/Yr.