Novi, MI Commercial Real Estate for Lease and Sale

Explore 85 listings of Novi commercial real estate for lease and for sale to find the best space for your business.

Novi Building (Space for Lease)

23895 Novi Rd, Novi, MI
Property

Office

8,078 SF
Availability

1 Space

2,200 SF
Year Built

1993
For Lease

$19.00/SF/YR
View Details (opens in new window)
MacKenzie North Technology Centre

39500 MacKenzie Drive, Novi, MI
Property

Office

56,327 SF
Availability

1 Space

16,535 SF
Year Built

2012
For Lease Contact for pricing
View Details (opens in new window)
Novi Office Center

39475 West 13 Mile Road, Novi, MI
Property

Office

38,973 SF
Availability

2 Spaces

2,477 SF
Year Built

2005
For Lease

$21.00/SF/YR
View Details (opens in new window)
Watson's - Home Leisure

26159 Novi Rd, Novi, MI
Property

Retail

9,417 SF
Year Built

1992
For Sale

$2,250,000
View Details (opens in new window)
23890 Novi Rd

23890 Novi Rd, Novi, MI
Property

Retail

2,976 SF
Year Built

2002
For Sale

$1,315,000
View Details (opens in new window)
Cabot Technology Centre

28700 Cabot Drive, Novi, MI
Property

Office

84,240 SF
Availability

1 Space

3,260 SF
Year Built

2000
For Lease Contact for pricing
View Details (opens in new window)
22325 Roethel Drive

22325 Roethel Drive, Novi, MI
Property

Industrial

15,957 SF
Year Built

1997
For Sale

$2,595,000
View Details (opens in new window)
Lewis Technology Center

39625 Lewis Drive, Novi, MI
Property

Office

108,568 SF
Availability

3 Spaces

27,307 SF
Year Built

2003
For Lease Contact for pricing
View Details (opens in new window)
22245 Haggerty Road - Former Credit Union Branch

22245 Haggerty Road, Novi, MI
Property

Retail

5,892 SF
Year Built

1994
For Sale Contact Broker
View Details (opens in new window)
Lewis Medical Office Centre

39475 Lewis Drive, Novi, MI
Property

Office

46,000 SF
Availability

3 Spaces

17,298 SF
Year Built

2004
For Lease Contact for pricing
View Details (opens in new window)
Upgrade your lease management practices

Simplify your accounting operations and seamlessly track, manage and collaborate on your lease portfolio from anywhere.
Learn more
Cabot South Technology Center

28550 Cabot Drive, Novi, MI
Property

Office

37,948 SF
Availability

1 Space

4,600 SF
Year Built

2004
For Lease Contact for pricing
View Details (opens in new window)
Summit Pointe Office Center

39500 High Pointe Boulevard, Novi, MI
Property

Office

120,075 SF
Availability

7 Spaces

34,536 SF
Year Built

1999
For Lease

$19.95/SF/YR
View Details (opens in new window)
39600 Lewis Drive

39600 Lewis Drive, Novi, MI
Property

Office

304,000 SF
Availability

2 Spaces

91,872 SF
Year Built

2001
For Lease Contact for pricing
View Details (opens in new window)
31202 Beck Road - Sublease

31202 Beck Rd, Novi, MI
Property

Retail

37,397 SF
Availability

1 Space

3,690 SF
Year Built

2004
For Lease Contact for pricing
View Details (opens in new window)
Lake Pointe

26200 Town Center Drive, Novi, MI
Property

Office

93,318 SF
Availability

4 Spaces

7,581 SF
Year Built

1986
For Lease Contact for pricing
View Details (opens in new window)
Watson's - Home Leisure

26159 Novi Rd, Novi, MI
Property

Retail

9,417 SF
Availability

1 Space

9,417 SF
Year Built

1992
For Lease

$25.00/SF/YR
View Details (opens in new window)
LaSalle South Technology Centre

28845 Cabot Drive, Novi, MI
Property

Office

52,278 SF
Availability

2 Spaces

32,755 SF
Year Built

2006
For Lease

$15.50/SF/YR
View Details (opens in new window)
43700 Gen Mar

43700 Gen Mar, Novi, MI
Property

Industrial

156,200 SF
Availability

1 Space

156,200 SF
Year Built

1988
For Lease

$7.50/SF/YR
View Details (opens in new window)
Morgan Place

NEQ Haggerty Road & 8 Mile Road, Novi, MI
Property

Office

2,400 SF
Availability

1 Space

2,420 SF
For Lease Contact for pricing
View Details (opens in new window)
Novi Business Park

41441 West 11 Mile Road, Novi, MI
Property

Office

69,339 SF
Availability

3 Spaces

23,834 SF
Year Built

1987
For Lease Contact for pricing
View Details (opens in new window)
Cabot North Technology Centre

28970 Cabot Drive, Novi, MI
Property

Office

37,948 SF
Availability

1 Space

16,429 SF
Year Built

2004
For Lease Contact for pricing
View Details (opens in new window)
39500 W Ten Mile Road

39500 W Ten Mile Road, Novi, MI
Property

Office

23,328 SF
Availability

1 Space

678 SF
For Lease

$14.00/SF/YR
View Details (opens in new window)
West Oaks I

43455-43831 West Oaks Drive, Novi, MI
Property

Retail
Availability

1 Space
For Lease Contact for pricing
View Details (opens in new window)
22325 Roethel Drive

22325 Roethel Drive, Novi, MI
Property

Industrial

15,957 SF
Availability

1 Space

15,957 SF
Year Built

1997
For Lease

$12.95/SF/YR
View Details (opens in new window)
Novi Gardens

41650 Gardenbrook Road, Novi, MI
Property

Office

58,108 SF
Availability

5 Spaces

20,554 SF
Year Built

1988
For Lease

$16.95/SF/YR
View Details (opens in new window)
For Sale > 1.09 Acres of Land

29580 Hudson Dr, Novi, MI
Property

Other
For Sale Contact for pricing
View Details (opens in new window)

Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Novi commercial real estate market incorporates 2,389,203 square feet of office space across 49 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Novi commercial real estate market includes 1,248,995 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Novi market, there is a total of 797,252 square feet of industrial property.

The listing inventory in Novi incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Novi is represented by Office space, which accounts for 942,884 square feet of available listings. Industrial space available in Novi adds up to 378,998 square feet.

Meanwhile, most of the listings of commercial property for sale in Novi are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Novi is $20.64 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Novi can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Novi, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Novi was Office space.

The average size of a commercial property in Novi depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Novi, the average size of an office property is 58,274 square feet.
Retail properties here incorporate an average of 104,083 square feet.
Industrial space in Novi is in buildings that are, on average 56,947 square feet in size.

Novi, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Novi currently add up to 1,667,762 square feet. The market offers 48 active office listing(s), which amount to 942,884 square feet and account for 69% of commercial spaces on the market. Local retail availability includes 106,688 square feet across 9 retail space(s). Industrial space for rent opportunities in Novi amount to 378,998 square feet across a total of 11 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	48	942,884
Retail	9	106,688
Industrial	11	378,998
Other	1	239,192

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Novi, MI. Currently, there is 531,856 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 5 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	22,000
Retail	5	246,715
Industrial	6	183,102
Other	14	80,039

Novi, MI Commercial Real Estate for Lease and Sale

Novi Building (Space for Lease)

MacKenzie North Technology Centre

Novi Office Center

Watson's - Home Leisure

23890 Novi Rd

Cabot Technology Centre

22325 Roethel Drive

Lewis Technology Center

22245 Haggerty Road - Former Credit Union Branch

Lewis Medical Office Centre

Cabot South Technology Center

Summit Pointe Office Center

39600 Lewis Drive

31202 Beck Road - Sublease

Lake Pointe

Watson's - Home Leisure

LaSalle South Technology Centre

43700 Gen Mar

Morgan Place

Novi Business Park

Cabot North Technology Centre

39500 W Ten Mile Road

West Oaks I

22325 Roethel Drive

Novi Gardens

For Sale > 1.09 Acres of Land

Frequently Asked Questions

Novi, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us

About Us

Our Tools

Novi, MI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Novi, MI?

What factors affect the price of commercial real estate in Novi, MI?

What is the average rent for commercial space in Novi, MI?

What are the best areas for commercial real estate in Novi, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Novi, MI?

Novi, MI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us