Most listings are in the $30's per square foot per year. The Detroit submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 42% increase in rent.
Compared to the rest of the Detroit market, the Detroit submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1115 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Detroit are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this market were built in 1941 and are Class B.
Real time and historical data on commercial real estate listings in Detroit.
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