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 Rochester commercial real estate market incorporates 315,269 square feet of office space across 11 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 Rochester commercial real estate market includes 271,448 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 Rochester market, there is a total of 31,930 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Rochester is represented by Industrial space , which accounts for 14,460 square feet of available listings. Office space available in Rochester adds up to 13,030 square feet.

What factors affect the price of commercial real estate in Rochester, 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 are the best areas for commercial real estate in Rochester, 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 Rochester, 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 $24 per square foot.

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

The average size of a commercial property in Rochester 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 Rochester, the average size of an office property is 31,527 square feet. Retail properties here incorporate an average of 67,862 square feet. Industrial space in Rochester is in buildings that are, on average 10,643 square feet in size.

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19 Commercial Real Estate Listings in Rochester, MI

CRE Market Stats

Millrace

236 Mill Street, Rochester, MI
For Lease

$21.00/SF/YR
Property

Office

39,600 SF
Availability

1 Space

4,720 SF
Year Built

2005
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209 Walnut Blvd

209 Walnut Blvd, Rochester, MI
For Lease

$30.00/SF/YR
Property

Office

5,000 SF
Availability

2 Spaces

6,200 SF
Year Built

1939
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117-119 W 4th St

117-119 W 4th St, Rochester, MI
For Lease

$13.85 - $22.50/SF/YR
Property

Office

2,400 SF
Availability

2 Spaces

2,250 SF
Year Built

1941
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222 South Main Street
The main.space
222 South Main Street, Rochester, MI
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

High-speed wifi

Kitchen

Parking

Printer

Receptionist/Secretarial services

Window view
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For Lease > Newly Renovated University Trails Medical Building - 1,193 - 2,207 RSF Across From Ascension Rochester

1000 W. University Drive, Rochester, MI
For Lease

Contact for pricing
Property

Other
Availability

1 Space

1,193 SF
Year Built

1971
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328 South St

328 South St, Rochester, MI
For Lease

$9.00/SF/YR
Property

Industrial

14,460 SF
Availability

1 Space

14,460 SF
Year Built

1952
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440 South St

440 South St, Rochester, MI
For Sale

$1,195,000
Property

Industrial

12,670 SF
Year Built

1977
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811 Oakwood Dr

811 Oakwood Dr, Rochester, MI
For Sale

$1,100,000
Property

Office

19,000 SF
Year Built

1973
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Investment Opportunity ¦ Medical Office - University Trails

1000 W University Dr, Rochester, Rochester Hills, MI
For Sale

$10,500,000
Property

Office

35,744 SF
Year Built

1971
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265 E. Second Street

265 E. Second Street, Rochester, MI
For Sale

Contact for pricing
Property

Industrial

4,800 SF
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Morse Block Building

321-323 S Main Street, Rochester, MI
For Lease

$15.50 - $20.00/SF/YR
Property

Office

10,000 SF
Availability

2 Spaces

1,350 SF
Year Built

1940
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Off Market
400 Water Street

400 Water Street, Rochester, MI
Property

Office

43,214 SF
Year Built

1865
Off Market
134 West University Drive

134 West University Drive, Rochester, MI
Property

Office

36,561 SF
Year Built

1967
Off Market
800 & 900 West University Drive

800 West University Drive, Rochester, MI
Property

Office

45,000 SF
Year Built

1986
Off Market
Miller Building

950 West University Drive, Rochester, MI
Property

Office

34,888 SF
Year Built

1976
Off Market
North Hill Center

1413 North Rochester Road, Rochester, MI
Property

Retail

102,078 SF
Year Built

1957
Off Market
52999 Dequindre Road

52999 Dequindre Road, Rochester, Rochester Hills, MI
Property

Retail

114,450 SF
Year Built

1999
Off Market
303 East 3rd Street

303 East 3rd Street, Rochester, MI
Property

Office

46,262 SF
Year Built

2018
Off Market
312-324 South Main Street

312 South Main Street, Rochester, MI
Property

Retail

52,920 SF
Year Built

1900