What are the different types of commercial real estate?

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 Bloomfield commercial real estate market incorporates 1,424,269 square feet of office space across 42 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 Bloomfield commercial real estate market includes 2,413,978 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 Bloomfield market, there is a total of 31,125 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Bloomfield is represented by Office space , which accounts for 175,984 square feet of available listings. Retail space available in Bloomfield adds up to 58,814 square feet.

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

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.

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

The average rent for commercial real estate space listed for lease in Bloomfield is $19.19 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 Bloomfield 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.

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

The best choice of location for commercial space depends on the factors that are most relevant to your business. 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 Bloomfield, 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.

How do I find a good commercial real estate broker?

Whether or not 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!

What is the most profitable commercial real estate?

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 $24 per square foot. In particular, the property type commanding the highest lease rates in Bloomfield was Office space.

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

The average size of a commercial property in Bloomfield 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 Bloomfield, the average size of an office property is 37,481 square feet. Retail properties here incorporate an average of 109,726 square feet. Industrial space in Bloomfield is in buildings that are, on average 31,125 square feet in size.

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67 Commercial Real Estate Listings in Bloomfield, MI

CRE Market Stats

Andover Building

4190 Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

$24.00 - $25.00/SF/YR
Property

Office

39,351 SF
Availability

2 Spaces

3,808 SF
Year Built

1974
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3500 West Maple Road

3500 West Maple Road, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Retail

67,645 SF
Availability

1 Space

2,903 SF
Year Built

1960
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4111 Andover Road - West Building

4111 Andover Road, Bloomfield, Bloomfield Hills, MI
For Lease

$22.50/SF/YR
Property

Office

25,348 SF
Availability

2 Spaces

1,139 SF
Year Built

1978
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Bloomfield Office Park I

2550 South Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

$17.50/SF/YR
Property

Office

60,921 SF
Availability

4 Spaces

25,764 SF
Year Built

1978
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43902 Woodward Avenue

43902 Woodward Avenue, Bloomfield, Bloomfield Hills, MI
For Lease

$13.00 - $17.95/SF/YR
Property

Office

40,186 SF
Availability

5 Spaces

9,483 SF
Year Built

1986
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10 West Square Lake

10 West Square Lake Road, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office

26,102 SF
Availability

8 Spaces

9,119 SF
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Winthrop Park

43252 Woodward Avenue, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office

52,413 SF
Availability

1 Space

1,146 SF
Year Built

1985
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1133 West Long Lake Road

1133 West Long Lake Road, Bloomfield, Bloomfield Hills, MI
For Lease

$22.50/SF/YR
Property

Office

13,693 SF
Availability

1 Space

1,661 SF
Year Built

1974
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Northpointe Office Building

2525 South Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

$18.50/SF/YR
Property

Office

32,505 SF
Availability

1 Space

1,194 SF
Year Built

1987
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1877-1899 Orchard Lake Rd

1877-1899 Orchard Lake Rd, Bloomfield, Bloomfield Township, MI
For Sale

$1,950,000
Property

Office

17,920 SF
Year Built

1971
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Kingswood Square Plaza

43061-43313 Woodward Avenue, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Retail

66,552 SF
Availability

3 Spaces

8,071 SF
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36800 Woodward Avenue

36800 Woodward Avenue, Bloomfield, Bloomfield Hills, MI
For Lease

$30.00/SF/YR
Property

Office

46,678 SF
Availability

4 Spaces

10,770 SF
Year Built

1966
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Bloomfield Business Center

2285 Franklin Road, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office

96,000 SF
Availability

1 Space

14,500 SF
Year Built

1988
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281 Enterprise Court

281 Enterprise Court, Bloomfield, Bloomfield Hills, MI
For Lease

$10.00 - $12.00/SF/YR
Property

Industrial

31,125 SF
Availability

1 Space

10,007 SF
Year Built

1988
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Bloomfield Professional Center

43494 Woodward Avenue, Bloomfield, Bloomfield Hills, MI
For Lease

$19.50/SF/YR
Property

Office

34,598 SF
Availability

3 Spaces

4,928 SF
Year Built

1981
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1668 South Telegraph Rd

1668 South Telegraph Rd, Bloomfield, Bloomfield Township, MI
For Lease

$550.00 - $650.00/MO
Property

Office

24,536 SF
Availability

2 Spaces

305 SF
Year Built

1998
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Bonaventure Plaza

3935 - 3965 Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Retail

5,072 SF
Availability

1 Space

800 SF
Year Built

1980
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For Lease > Square Lake Office Park Up To 3,530 SF Available Immediately Excellent Location on Telegraph Road

1760 S. Telegraph Road, Bloomfield, Bloomfield Township, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

3,530 SF
Year Built

1987
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43750 Woodward Ave

43750 Woodward Ave, Bloomfield, Bloomfield Township, MI
For Lease

$16.00/SF/YR
Property

Office

6,670 SF
Availability

1 Space

2,008 SF
Year Built

1984
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2600 South Telegraph Road

2600 South Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

$14.95 - $23.50/SF/YR
Property

Office

90,258 SF
Availability

2 Spaces

41,558 SF
Year Built

1984
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7 West Square Lake Road
Americenters
7 West Square Lake Road, Bloomfield Township, MI
Services

Virtual Office

Meeting Room
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Receptionist/Secretarial services

Window view
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4036 Telegraph Road

4036 Telegraph Road, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office

2,700 SF
Availability

1 Space

1,000 SF
Year Built

2003
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Maple Office Park II

4060 W Maple Rd, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office

22,600 SF
Availability

3 Spaces

22,500 SF
Year Built

1966
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1900 South Telegraph Road

1900 South Telegraph Road, Bloomfield, Bloomfield Township, MI
For Lease

$21.00 - $24.00/SF/YR
Property

Office

1,709 SF
Availability

1 Space

1,709 SF
Year Built

1999
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Woodward Plaza

42934 Woodward Avenue, Bloomfield, Bloomfield Township, MI
For Lease

Contact for pricing
Property

Retail

18,694 SF
Availability

1 Space

1,100 SF
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For Lease > Office/Medical Space - Bloomfield Boulevard Building

44004 Woodward Ave, Bloomfield, Bloomfield Hills, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

1,800 SF
Year Built

1965
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