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255 Commercial Real Estate Listings in Southfield, MI

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Southfield, MI Commercial Real Estate

There are currently 264 commercial listings available in Southfield, MI. These listings include 738 commercial spaces that encompass a total of 8,048,723 square feet. Available commercial spaces in Southfield, MI range in size from 1 square feet to 378,033 square feet. A total of 78 off-market commercial properties located in Southfield, MI are also available for research.

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Southfield, MI Commercial Inventory Breakdown

In 2022 the Southfield, MI commercial real estate market totaled 18,094,473 square feet of office spaces, 1,240,518 square feet of office spaces with retail, and 1,204,124 square feet of industrial space.

Office Spaces

Total: 18,094,473 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,950,044 SqFt 16.3% of total office
100k to 500k SqFt 11,416,223 SqFt 63.09% of total office
500k to 1M SqFt 3,728,206 SqFt 20.6% of total office
By class:
Class A 8,357,557 SqFt 46.19% of total office
Class B 8,473,214 SqFt 46.83% of total office
Class C 818,702 SqFt 4.52% of total office
Roughly 20.6% of the total office space in Southfield, MI is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 16.3% of the office inventory.

Class A office space holds a 46.19% share of the overall Southfield, MI office market, while Class B office assets make up approximately 46.83%.

Industrial

Total: 1,204,124 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 180,182 SqFt 14.96% of total industrial
100k to 500k SqFt 1,023,942 SqFt 85.04% of total industrial
By class:
Class A 116,186 SqFt 9.65% of total industrial
Class B 962,062 SqFt 79.9% of total industrial
There are 1,023,942 square feet of commercial real estate properties between 100k to 500k square feet, representing 85.04% of the Southfield, MI industrial inventory.

Office Spaces with Retail

Total: 1,240,518 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 95,358 SqFt 7.69% of total office with retail
100k to 500k SqFt 628,656 SqFt 50.68% of total office with retail
500k to 1M SqFt 516,504 SqFt 41.64% of total office with retail

Southfield, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Southfield, MI Office 146 7,362,227
Southfield, MI Retail 27 750,824
Southfield, MI Industrial 11 162,734
Southfield, MI Other 195 8,467,510
Ofice Icon

146

Office

Industrial Icon

11

Industrial

Retail Icon

27

Retail

Current local active listing encompass 16,743,296 square feet of commercial space for lease in Southfield. There are 146 active office listings, which amount to 7,362,227 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 750,824 square feet across 27 listings. Current industrial offerings on the market amount to 162,734 square feet across a total of 11.

Employment in Southfield, MI

Employed Population 33,402

Employed population - Industry % Distribution

Management, business, science, and arts occupations

42%

Sales and office occupations

24%

Service occupations

18%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 42% of a total of 33,402 employed in Southfield worked in Management, business, science, and arts occupations, followed by 24% in Sales and office occupations and 18% in Service occupations.

Income per capita $34,066  Median household income $51,637

Household income

48%

Under $50k

34%

$50k - $100k

15%

$100k - $200k

4%

Over $200k

The median household income in Southfield stands at $51,637, with per capita income at $34,066. Households earning between $50k and $100k represent 34% of the total, while those earning over $200k make up 4%. Approximately 48% of Southfield households earn less than $50k per year.

Education in Southfield, MI

High school grad or higher 94%

Bachelor's degree or higher 38%

Population by minimum level of education

6%

No degree

25%

High school

31%

Some College

21%

Bachelor's

17%

Post-grad

*Universe: Workers 25 and over

An estimated 94% of Southfield residents aged 25 or over hold a high school degree or higher. Of those, 25% are high school graduates, 31% attended some college, 21% earned a bachelor's degree, with an additional 17% holding post-graduate degrees.

Southfield, MI Demographics

As of 2020, Southfield had a total population of 72,700, with a median age of 43.50 years. Roughly 63.50% of the total population was between the ages of 16 and 64 years old.