The typical asking rate per listing is in the $10's per square foot per year. The Grosse Pointe Park region is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 12 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Grosse Pointe Park are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,670 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1924 and are Class B.
Real time and historical data on commercial real estate listings in Grosse Pointe Park.
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