Most listings are in the $20's per square foot per year. The Royal Oak submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Metro Detroit market, the Royal Oak region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 202 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Royal Oak are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,310 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1950 and are Class B.
Real time and historical data on commercial real estate listings in Royal Oak.
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