Grand Place Commons

Off Market

40020 Grand River Avenue, Novi, MI 48375

  • Office
  • Flex - Office
  • 39,396 Sqft

Grand Place Commons, Novi, MI 48375 - Office Space

Grand Place Commons is located at 40020 Grand River Avenue in the Novi neighborhood, MI, Novi, 48375. The Class C Office building was completed in 1998 and features a total of 39,396 Sqft.

There are 63 office spaces for lease in the Novi neighborhood, totaling 639,875 Sqft of available office space. The office space availability for the 48375 zip code is 333,937 Sqft, in 28 office spaces. The average asking office rent per sq. ft. in Novi is $15.66/sqft/year. For Class A office buildings the average office rate is $21.17/sqft/year, for Class B office buildings the average office rate is $18.54/sqft/year, for Class C office buildings the average office rate is $10.04/sqft/year.

In Novi, there are 5 class C office buildings. In Novi, there are a total of 1 LEED certified office buildings. In 1998, the same year Grand Place Commons was built, 9 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Novi, featuring 299,880 square feet of commercial space. At zip code level, there are 26 commercial properties, of which 14 are office buildings over 50,000 square feet.

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Nearby Properties

Details

  • City Novi
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit
  • Property Type Office - Flex - Office
  • Property Size 39,396 Sqft
  • Lot Size 4.23 Acre
  • Parking Spaces Avail. 145
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1998
  • Date Updated 07 Apr, 2020

FREQUENTLY ASKED QUESTIONS

What is the total square footage of Grand Place Commons?

Grand Place Commons totals 39,396 square feet.

When was this property built?

Grand Place Commons was built in 1998.

Novi Demographics

The average household income in zip code 48375 is $126,710, from a total of 8,542 households. In terms of employment, there are 89.28 % white-collar and 10.72 % blue-collar jobs in zip code 48375.

Population

  • Total Population59,625
  • Male Population(49.3 %) 29,404
  • Female Population(50.7 %) 30,221
  • Median Age38.40

Income/Financial

  • Average Household Income$125,042
  • Median Household Income$92,410
  • Median Income Under 25$42,153
  • Median Income 25-44$91,513
  • Median Income 45-64$127,569
  • Median Income Over 65$51,322