On average, listings lease in the $10's per square foot per year. The St. Jean submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $19 per sqft per year.
Compared to the rest of the Detroit market, the St. Jean submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 27 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst St. Jean residents. Commuting around 10 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 St. Jean.
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