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 Madison Heights commercial real estate market incorporates 553,455 square feet of office space across 16 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 Madison Heights commercial real estate market includes 1,914,043 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 Madison Heights market, there is a total of 3,128,249 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Madison Heights is represented by Industrial space , which accounts for 272,968 square feet of available listings. Office space available in Madison Heights adds up to 120,708 square feet.

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

The average rent for commercial real estate space listed for lease in Madison Heights is $13.69 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 Madison Heights 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 Madison Heights, 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 Madison Heights, 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 $18 per square foot. In particular, the property type commanding the highest lease rates in Madison Heights was Retail space.

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

The average size of a commercial property in Madison Heights 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 Madison Heights, the average size of an office property is 39,533 square feet. Retail properties here incorporate an average of 56,295 square feet. Industrial space in Madison Heights is in buildings that are, on average 92,007 square feet in size.

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90 Commercial Real Estate Listings in Madison Heights, MI

CRE Market Stats

31005 John R Rd

31005 John R Rd, Madison Heights, MI
For Lease

Contact for pricing
Property

Retail

6,400 SF
Availability

1 Space

1,200 SF
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29048-29098 N Campbell Rd

29048-29098 N Campbell Rd, Madison Heights, MI
For Lease

$20.00/SF/YR
Property

Retail

14,999 SF
Availability

1 Space

1,300 SF
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28905-28941 John R Road

28905-28941 John R Road, Madison Heights, MI
For Lease

Contact for pricing
Property

Retail

5,000 SF
Availability

1 Space

2,000 SF
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29401 Stephenson Highway

29401 Stephenson Highway, Madison Heights, MI
For Sale

$2,950,000
Property

Office

39,770 SF
Year Built

1987
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28706 John R

28706 John R, Madison Heights, MI
For Lease

$3,400.00/MO
Property

Retail

4,066 SF
Availability

1 Space

4,066 SF
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205 W Lincoln Ave

205 W Lincoln Ave, Madison Heights, MI
For Sale

$597,500
Property

Industrial

6,210 SF
Year Built

1926
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29401 Stephenson Highway

29401 Stephenson Highway, Madison Heights, MI
For Lease

$8.95/SF/YR
Property

Office

39,770 SF
Availability

1 Space

39,770 SF
Year Built

1987
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Bldg E

25780-25790 Commerce Dr, Madison Heights, MI
For Sale

Contact for pricing
Property

Industrial

34,116 SF
Year Built

1985
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John R Square

31632-31722 John R, Madison Heights, MI
For Lease

Contact for pricing
Property

Retail

10,000 SF
Availability

1 Space

1,500 SF
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32470 Industrial Drive

32470 Industrial Drive, Madison Heights, MI
For Lease

$7.50/SF/YR
Property

Industrial

19,380 SF
Availability

1 Space

19,380 SF
Year Built

1993
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Madison Manor

29051-29095 Dequindre Road, Madison Heights, MI
For Lease

Contact for pricing
Property

Retail

64,225 SF
Availability

3 Spaces

9,700 SF
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For Sale or Lease > Oakland Commerce Commons

1410 E 14 Mile Rd, Madison Heights, MI
For Lease

Contact for pricing
Property

Office
Availability

1 Space

62,069 SF
Year Built

1985
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John R North

26743-26765 John R, Madison Heights, MI
For Lease

$13.00 - $1,250.00/SF/YR
Property

Retail

12,000 SF
Availability

2 Spaces

3,400 SF
Year Built

1951
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For Sale or Lease > Oakland Commerce Commons

1410 E 14 Mile Rd, Madison Heights, MI
For Sale

Contact for pricing
Property

Office

62,069 SF
Year Built

1985
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For Lease | Noble Appliance

29245 N Stephenson Hwy | Madison Heights, Madison Heights, MI
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

19,000 SF
Year Built

1965
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28220 John R

28220 John R, Madison Heights, MI
For Sale

$575,000
Property

Retail

3,487 SF
Year Built

1960
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Bldg E

25780-25790 Commerce Dr, Madison Heights, MI
For Lease

Contact for pricing
Property

Industrial

34,116 SF
Availability

1 Space

25,616 SF
Year Built

1985
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535 W 14 Mile Rd

535 W 14 Mile Rd, Madison Heights, MI
For Sale

Contact Listing Agent(s)
Property

Retail

3,500 SF
Year Built

1978
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31023 John R Road

31023 John R Road, Madison Heights, MI
For Lease

$18.00/SF/YR
Property

Retail

6,400 SF
Availability

1 Space

1,200 SF
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14 Mile Plaza

1321, 1323, 1325 W. 14 Mile Road, Madison Heights, MI
For Lease

$27.00 - $30.00/SF/YR
Property

Retail

5,855 SF
Availability

2 Spaces

4,024 SF
Year Built

1976
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1 Ajax

1 Ajax Drive, Madison Heights, MI
For Lease

$14.00/SF/YR
Property

Office

16,572 SF
Availability

3 Spaces

6,263 SF
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29273 Dequindre Rd

29273 Dequindre Rd, Madison Heights, MI
For Lease

$14.50/SF/YR
Property

Office

3,990 SF
Availability

1 Space

2,600 SF
Year Built

1986
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1750 East Lincoln Avenue

1750 East Lincoln Avenue, Madison Heights, MI
For Lease

$6.95/SF/YR
Property

Industrial

37,632 SF
Availability

1 Space

37,632 SF
Year Built

1996
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Crown Office Village

1499 East 12 Mile Road, Madison Heights, MI
For Lease

$14.95 - $16.95/SF/YR
Property

Office

52,313 SF
Availability

3 Spaces

8,180 SF
Year Built

1962
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North Half of 30105 Stephenson Highway

North Half of 30105 Stephenson Highway, Madison Heights, MI
For Sale

$225,000
Property

VacantLand
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28707-28709 Dequindre Rd

28707-28709 Dequindre Rd, Madison Heights, MI
For Lease

$13.00/SF/YR
Property

Retail

2,200 SF
Availability

1 Space

1,100 SF
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