Most listings are in the $30's per square foot per year. The Downtown Detroit region is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 41% increase in rent.
Compared to the rest of the Detroit market, the Downtown Detroit region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 667 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown Detroit are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this market were built in 1925 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Detroit occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Detroit.
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