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 Sterling Heights commercial real estate market incorporates 2,326,393 square feet of office space across 31 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 Sterling Heights commercial real estate market includes 5,362,892 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 Sterling Heights market, there is a total of 23,091,833 square feet of industrial property.

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

The largest share of commercial real estate space for lease in Sterling Heights is represented by Industrial space , which accounts for 327,462 square feet of available listings. Office space available in Sterling Heights adds up to 178,399 square feet.

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

The average rent for commercial real estate space listed for lease in Sterling Heights is $12.71 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 Sterling 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’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $17.93 per square foot, industrial space in Sterling Heights saw average rents of $9.85 per square foot.

What are the best areas for commercial real estate in Sterling 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 Sterling 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 $18.95 per square foot. In particular, the property type commanding the highest lease rates in Sterling Heights was Retail space.

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

The average size of a commercial property in Sterling 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 Sterling Heights, the average size of an office property is 77,546 square feet. Retail properties here incorporate an average of 121,884 square feet. Industrial space in Sterling Heights is in buildings that are, on average 307,891 square feet in size.

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155 Commercial Real Estate Listings in Sterling Heights, MI

CRE Market Stats

County Line Plaza

1999 15 Mile Road, Sterling Heights, MI
For Lease

$18.00/SF/YR
Property

Retail

8,512 SF
Availability

2 Spaces

4,500 SF
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34111 Mound Road

34111 Mound Road, Sterling Heights, MI
For Sale

Contact Broker
Property

VacantLand
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Bowler's Mart

7023 Fourteen Mile Road, Sterling Heights, MI
For Sale

$2,700,000
Property

Industrial

29,858 SF
Year Built

1998
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Red Run Plaza

34843-34863 Schoenherr, Sterling Heights, MI
For Lease

$12.00/SF/YR
Property

Office

7,590 SF
Availability

4 Spaces

15,180 SF
Year Built

1988
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Mound Industrial Commons - Building 2

35500-35580 Mound Road, Sterling Heights, MI
For Lease

$2,178.00/MO
Property

Industrial

87,500 SF
Availability

1 Space

2,550 SF
Year Built

1987
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44344 Dequindre Road

44344 Dequindre Road, Sterling Heights, MI
For Lease

Contact for pricing
Property

Office

100,490 SF
Availability

8 Spaces

19,556 SF
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35320 Beattie Dr

35320 Beattie Dr, Sterling Heights, MI
For Lease

$10.00/SF/YR
Property

Industrial

24,264 SF
Availability

1 Space

24,264 SF
Year Built

1979
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M-M Tech Commons

42700 - 42786 Mound Rd, Sterling Heights, MI
For Lease

$10.25/SF/YR
Property

Industrial

83,663 SF
Availability

1 Space

2,375 SF
Year Built

1987
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Liberty Place

35801-35875 Mound Rd, Sterling Heights, MI
For Sale

$10,995,000
Property

Office

94,209 SF
Year Built

1991
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Lakeside Circle I

13900 Lakeside Cir, Sterling Heights, MI
For Lease

$14.95/SF/YR
Property

Office

31,240 SF
Availability

3 Spaces

30,340 SF
Year Built

1999
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Liberty Place

35801-35875 Mound Rd, Sterling Heights, MI
For Lease

$11.95/SF/YR
Property

Office

94,209 SF
Availability

3 Spaces

18,544 SF
Year Built

1991
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33353-33433 Mound Rd

33353-33433 Mound Rd, Sterling Heights, MI
For Sale

$1,000,000
Property

VacantLand
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Sterling Heights Shopping Center

39000-39200 Van Dyke, Sterling Heights, MI
For Lease

Contact for pricing
Property

Retail

154,835 SF
Availability

6 Spaces

49,229 SF
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Redevelopment Opportunity (Inudstrial)

7447 17 Mile Rd, Sterling Heights, MI
For Sale

$1,900,000
Property

Industrial

5,145 SF
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Parkside Professional Center

42140 Van Dyke Avenue, Sterling Heights, MI
For Lease

$16.00/SF/YR
Property

Office

22,000 SF
Availability

1 Space

2,700 SF
Year Built

1985
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Mound and Branch

Mound Road and Branch Street, Sterling Heights, MI
For Lease

Contact for pricing
Property

Industrial

30,000 SF
Availability

1 Space

30,000 SF
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Robovent

37900 Mound Road, Sterling Heights, MI
For Sale

$6,950,000
Property

Industrial

53,704 SF
Year Built

1974
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Liberty Professional Center

35501 - 35765 Mound Rd, Sterling Heights, MI
For Lease

$11.95/SF/YR
Property

Office

99,820 SF
Availability

5 Spaces

54,254 SF
Year Built

2001
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5418 Metropolitan Parkway

5418 Metropolitan Parkway , Sterling Heights, MI
For Lease

$15.00/SF/YR
Property

Office

10,226 SF
Availability

1 Space

4,000 SF
View Details (opens in new window)
Sterling Professional

44028 Mound Road, Sterling Heights, MI
For Lease

$16.00/SF/YR
Property

Office

7,869 SF
Availability

2 Spaces

4,309 SF
Year Built

2004
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Robovent

37900 Mound Road, Sterling Heights, MI
For Lease

$10.95/SF/YR
Property

Industrial

53,704 SF
Availability

1 Space

53,704 SF
Year Built

1974
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43167-43169 Van Dyke Ave

43167-43169 Van Dyke Ave, Sterling Heights, MI
For Lease

Contact for pricing
Property

Retail

7,000 SF
Availability

1 Space

1,700 SF
View Details (opens in new window)
Mound Tech Commons

42376-42498 Mound Rd, Sterling Heights, MI
For Lease

$10.25/SF/YR
Property

Industrial

70,373 SF
Availability

1 Space

2,100 SF
Year Built

2000
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8130 Constitution Blvd.

8130 Constitution Blvd., Sterling Heights, MI
For Sale

$900,000
Property

Office

7,600 SF
Year Built

1977
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6633 18 Mile Road
Velocity
6633 18 Mile Road, Sterling Heights, MI
Services

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi
View Details (opens in new window)
13854 Lakeside Circle
All American Business Centers
13854 Lakeside Circle, Sterling Heights, MI
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

Printer

Receptionist/Secretarial services
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Building Size Range	Total Square Feet	Share of Total Office
50k to 100k Sq. Ft.	669,175 Sq. Ft.	30.01%
100k to 500k Sq. Ft.	596,864 Sq. Ft.	26.77%
500k to 1M Sq. Ft.	631,728 Sq. Ft.	28.33%

Class	Total Square Feet	Share of Total Office
Class A	324,130 Sq. Ft.	14.54%
Class B	1,637,541 Sq. Ft.	73.44%
Class C	267,958 Sq. Ft.	12.02%

Building Size Range	Total Square Feet	Share of Total Industrial
50k to 100k Sq. Ft.	2,917,014 Sq. Ft.	10.94%
100k to 500k Sq. Ft.	5,874,823 Sq. Ft.	22.02%
500k to 1M Sq. Ft.	2,213,183 Sq. Ft.	8.3%
> 1M Sq. Ft.	12,720,473 Sq. Ft.	47.69%

Class	Total Square Feet	Share of Total Industrial
Class A	3,044,466 Sq. Ft.	11.41%
Class B	23,195,604 Sq. Ft.	86.96%
Class C	435,237 Sq. Ft.	1.63%

Building Size Range	Total Square Feet	Share of Total Retail
50k to 100k Sq. Ft.	755,801 Sq. Ft.	15.13%
100k to 500k Sq. Ft.	3,629,310 Sq. Ft.	72.68%
500k to 1M Sq. Ft.	608,632 Sq. Ft.	12.19%

City	Property Type	Count of Listings	Total SF
Sterling Heights, MI	Office	16	178,399
Sterling Heights, MI	Retail	13	125,910
Sterling Heights, MI	Industrial	19	327,462
Sterling Heights, MI	Other	54	876,578

155 Commercial Real Estate Listings in Sterling Heights, MI

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

What is the average rent for commercial space in Sterling Heights, MI?

What are the best areas for commercial real estate in Sterling Heights, MI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

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

Sterling Heights, MI Commercial Real Estate Inventory Breakdown

Total Office Space in Sterling Heights: 2,229,629 Sq. Ft.

Total Industrial Space in Sterling Heights: 26,675,307 Sq. Ft.

Total Retail Space in Sterling Heights: 4,993,743 Sq. Ft.

Sterling Heights, MI Currently Available Listings

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