Southfield Michigan Industrial Warehouse Spaces for Rent

Southfield, MI Warehouse Space for Rent.

Southfield, Michigan offers a premium location for businesses seeking warehouse space for rent. Its strategic position near major highways and the Detroit Metro Airport provides excellent connectivity. Warehouses in Southfield feature modern amenities, including high ceilings, ample loading docks, and efficient lighting systems. The availability of skilled labor and a vibrant business community make it an ideal destination for businesses seeking a well-equipped and centrally located warehouse facility. Southfield's warehouse space accommodates various industries, from logistics to manufacturing, providing businesses with the flexibility to meet their specific storage and distribution needs.

Benefits of Southfield's, Industrial Market.

Southfield, MI's industrial market offers many advantages for businesses:

• Central Location: Southfield is conveniently located in Metro Detroit, providing easy access to major highways and airports.
• Skilled Workforce: The area has a well-educated and experienced workforce with a strong manufacturing background.
• Competitive Costs: Southfield offers competitive lease rates and operating costs compared to other industrial markets.
• Tax Incentives: Businesses may be eligible for various tax incentives, including property tax abatements and brownfield redevelopment credits.
• Infrastructure: Southfield boasts robust infrastructure, including rail access, fiber optic networks, and utilities.
• Proximity to Major Markets: Southfield is within a short distance of major markets in the Midwest and Canada, offering convenient access to customers and suppliers.
• Diverse Tenant Mix: Southfield's industrial market caters to a wide range of businesses, providing opportunities for collaboration and synergies.
• Growing Economy: Southfield is home to a growing and diverse economy, providing a stable business environment for tenants.

Why Southfield is a Great Place to Locate a Business.

Southfield, Michigan, offers a prime location for businesses seeking warehouse space due to its exceptional infrastructure, accessibility, and economic advantages:

• Strategic Location: Southfield is situated at the intersection of major highways, including I-696 and I-75, providing easy access to nearby markets and transportation hubs.
• Convenient Accessibility: The city is conveniently located near Detroit Metropolitan Airport and other transportation options, facilitating efficient shipping and logistics.
• Skilled Workforce: Southfield boasts a highly skilled and experienced workforce, offering access to a talented labor pool.
• Business-Friendly Environment: The city actively supports businesses through favorable tax rates, incentives, and a welcoming business community.
• Proximity to Major Markets: Southfield is within driving distance of major metropolitan areas, including Detroit, Ann Arbor, and Toledo, ensuring access to large customer bases.
• Cost-Competitive: Warehouse space in Southfield is competitively priced compared to neighboring areas, offering cost-saving opportunities.
• Exceptional Infrastructure: The city has invested in its infrastructure, providing reliable utilities, efficient transportation systems, and state-of-the-art amenities.
• Leasing Flexibility: Southfield offers a range of warehouse spaces to suit various business needs, with flexible lease terms and customized options available.

Key Industries in Southfield.

• Automotive Industry: Southfield is a major hub for the automotive industry, with numerous automakers and suppliers located in the city. The city is home to the North American headquarters of Honda and Toyota, as well as facilities for General Motors, Chrysler, and Ford.
• Finance and Insurance: Southfield is a major center for finance and insurance, with numerous banks, insurance companies, and investment firms located in the city.
• Technology: Southfield is home to a growing technology sector, with numerous tech companies and startups located in the city.
• Healthcare: Southfield is home to a major healthcare hub, with numerous hospitals, medical centers, and healthcare-related businesses located in the city.
• Retail and Hospitality: Southfield is a major retail and hospitality destination, with numerous shopping malls, restaurants, and hotels located in the city.
• Manufacturing: Southfield is home to a diverse manufacturing sector, with numerous companies producing a wide range of products, including automotive parts, medical devices, and electronics.
• Education: Southfield is home to Lawrence Technological University, a private research university with a strong focus on engineering, technology, and business.
• Government and Non-Profit: Southfield is home to a number of government and non-profit organizations, including the Southfield Public Library, the Southfield Parks and Recreation Department, and the Southfield Chamber of Commerce.

Demographics.

• Population: 72,994
• Median Age: 43.8
• Median Household Income: $90,141
• Education: 47.6% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 5.9%
• Average Asking Rents: $10.50/SF/YR
• Total Inventory: 13,500,000 sq. ft.