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163 Commercial Real Estate Listings in Novi, MI

Novi, MI Commercial Real Estate

There are currently 167 commercial listings available in Novi, MI. These listings include 189 commercial spaces that encompass a total of 1,577,476 square feet. Available commercial spaces in Novi, MI range in size from 4 square feet to 160,000 square feet. A total of 66 off-market commercial properties located in Novi, MI are also available for research.

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Novi, MI Commercial Inventory Breakdown

In 2021 the Novi, MI commercial real estate market totaled 5,205,694 square feet of office spaces, 2,489,245 square feet of office spaces with retail, and 2,816,054 square feet of industrial space.

Office Spaces

Total: 5,205,694 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,026,750 SqFt 38.93% of total office
100k to 500k SqFt 3,178,944 SqFt 61.07% of total office
By class:
Class A 1,710,424 SqFt 32.86% of total office
Class B 2,889,395 SqFt 55.5% of total office
Class C 135,500 SqFt 2.6% of total office


Class A office space holds a 32.86% share of the overall Novi, MI office market, while Class B office assets make up approximately 55.5%.

Industrial

Total: 2,816,054 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 111,800 SqFt 3.97% of total industrial
100k to 500k SqFt 2,704,254 SqFt 96.03% of total industrial
By class:
Class A 1,194,890 SqFt 42.43% of total industrial
Class B 1,559,364 SqFt 55.37% of total industrial
There are 2,704,254 square feet of commercial real estate properties between 100k to 500k square feet, representing 96.03% of the Novi, MI industrial inventory.

Office Spaces with Retail

Total: 2,489,245 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
100k to 500k SqFt 1,203,245 SqFt 48.34% of total office with retail
500k to 1M SqFt 1,286,000 SqFt 51.66% of total office with retail

Novi, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Novi, MI Office 53 964,013
Novi, MI Retail 26 327,621
Novi, MI Industrial 9 257,946
Novi, MI Other 107 1,602,276
Ofice Icon

53

Office

Industrial Icon

9

Industrial

Retail Icon

26

Retail

Current local active listing encompass 3,151,856 square feet of commercial space for lease in Novi. There are 53 active office listings, which amount to 964,013 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 327,621 square feet across 26 listings. Current industrial offerings on the market amount to 257,946 square feet across a total of 9.