24601 Crestview Ct — Lease in Farmington Hills, MI

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

Description

Recently renovated warehouse/distribution building. 22’ ceiling height. 7 docks. 2 grade level overhead doors. Heavy power. ESFR fire suppression. Centrally located with close access to I-696, I-96, I-275 & M-5 Interchange. 38,000 SF up to 51,440 SF available.

Market Context

This industrial in Farmington Hills, MI is listed for lease. It has been on the market for 53 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

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

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