On average, listings lease in the $20's per square foot per year. The Farmington Hills region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Metro Detroit market, the Farmington Hills region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1309 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Farmington Hills 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,506 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1985 and are Class B.
Real time and historical data on commercial real estate listings in Farmington Hills.
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