Most listings are in the $10's per square foot per year. The Grosse Pointe Park region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 22% decrease in rent.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the Grosse Pointe Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, 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 buildings in this region are around 1 stories. Most buildings in this market were built in 1924 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Grosse Pointe Park folk. Commuting between 30 and 45 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 Grosse Pointe Park.
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