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164 Commercial Real Estate Listings in Novi, MI

Novi, MI Commercial Real Estate

There are currently 171 commercial listings available in Novi, MI. These listings include 158 commercial spaces that encompass a total of 1,752,718 square feet. Available commercial spaces in Novi, MI range in size from 5 square feet to 160,000 square feet. A total of 70 off-market commercial properties located in Novi, MI are also available for research.

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Novi, MI Commercial Inventory Breakdown

In 2022 the Novi, MI commercial real estate market totaled 4,969,612 square feet of office spaces, 3,628,795 square feet of office spaces with retail, and 3,126,554 square feet of industrial space.

Office Spaces

Total: 4,969,612 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,895,671 SqFt 38.15% of total office
100k to 500k SqFt 3,073,941 SqFt 61.85% of total office
By class:
Class A 1,710,424 SqFt 34.42% of total office
Class B 2,753,163 SqFt 55.4% of total office
Class C 135,500 SqFt 2.73% of total office


Class A office space holds a 34.42% share of the overall Novi, MI office market, while Class B office assets make up approximately 55.4%.

Industrial

Total: 3,126,554 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 111,800 SqFt 3.58% of total industrial
100k to 500k SqFt 3,014,754 SqFt 96.42% of total industrial
By class:
Class A 1,194,890 SqFt 38.22% of total industrial
Class B 1,559,364 SqFt 49.87% of total industrial
There are 3,014,754 square feet of commercial real estate properties between 100k to 500k square feet, representing 96.42% of the Novi, MI industrial inventory.

Office Spaces with Retail

Total: 3,628,795 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 76,252 SqFt 2.1% of total office with retail
100k to 500k SqFt 2,060,527 SqFt 56.78% of total office with retail
500k to 1M SqFt 1,492,016 SqFt 41.12% of total office with retail

Novi, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Novi, MI Office 51 1,260,399
Novi, MI Retail 24 302,824
Novi, MI Industrial 12 229,865
Novi, MI Other 97 1,838,485
Ofice Icon

51

Office

Industrial Icon

12

Industrial

Retail Icon

24

Retail

Current local active listing encompass 3,631,573 square feet of commercial space for lease in Novi. There are 51 active office listings, which amount to 1,260,399 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 302,824 square feet across 24 listings. Current industrial offerings on the market amount to 229,865 square feet across a total of 12.