23093 Commerce Dr — Lease in Farmington Hills, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Farmington Hills, MI 48335
  • Size: 49,040 SF

Description

One 10-ton crane and one 3-ton crane (possibly available). 3800 amps, 3 Phase, 240/480 volt power. ESFR Fire Suppression. Outside storage capabilities. Shop locker rooms.

Market Context

This industrial in Farmington Hills, MI is listed for lease across 49,040 SF. It has been on the market for 54 days. Compare it against other industrial listings for lease in Farmington Hills, MI — view the full market.

As of Q1 2026, the Detroit industrial market showed average asking rents near $5.79/SF/yr, rents up 4.6% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Detroit?
About 6.5% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$0.48/SF/mo – $0.64/SF/mo

Mid: $0.56/SF/mo

Estimated total for 49,040 SF: $27,462 per month

Rate estimator only; cost-of-business estimate unavailable.

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