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177 Commercial Real Estate Listings in Novi, MI

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Novi, MI Commercial Real Estate

There are currently 175 commercial listings available in Novi, MI. These listings include 148 commercial spaces that encompass a total of 1,431,258 square feet. Available commercial spaces in Novi, MI range in size from 5 square feet to 160,000 square feet. A total of 75 off-market commercial properties located in Novi, MI are also available for research.

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Novi, MI Commercial Inventory Breakdown

In 2023 the Novi, MI commercial real estate market totaled 4,911,612 square feet of office spaces, 4,354,799 square feet of office spaces with retail, and 3,184,554 square feet of industrial space.

Office Spaces

Total: 4,911,612 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 1,837,671 SqFt 37.41% of total office
100k to 500k SqFt 3,073,941 SqFt 62.59% of total office
By class:
Class Total square feet Share of total
Class A 1,710,424 SqFt 34.82% of total office
Class B 2,695,163 SqFt 54.87% of total office
Class C 135,500 SqFt 2.76% of total office


Class A office space holds a 34.82% share of the overall Novi, MI office market, while Class B office assets make up approximately 54.87%.

Industrial

Total: 3,184,554 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 169,800 SqFt 5.33% of total industrial
100k to 500k SqFt 3,014,754 SqFt 94.67% of total industrial
By class:
Class Total square feet Share of total
Class A 1,194,890 SqFt 37.52% of total industrial
Class B 1,617,364 SqFt 50.79% of total industrial
There are 3,014,754 square feet of commercial real estate properties between 100k to 500k square feet, representing 94.67% of the Novi, MI industrial inventory.

Office Spaces with Retail

Total: 4,354,799 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 238,394 SqFt 5.47% of total office with retail
100k to 500k SqFt 2,624,389 SqFt 60.26% of total office with retail
500k to 1M SqFt 1,492,016 SqFt 34.26% 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 58 1,169,460
Novi, MI Retail 17 138,957
Novi, MI Industrial 12 234,913
Novi, MI Other 106 1,573,227
Ofice Icon

58

Office

Industrial Icon

12

Industrial

Retail Icon

17

Retail

Current local active listing encompass 3,116,557 square feet of commercial space for lease in Novi. There are 58 active office listings, which amount to 1,169,460 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 138,957 square feet across 17 listings. Current industrial offerings on the market amount to 234,913 square feet across a total of 12.
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