Most listings are in the $10's per square foot per year. The Downtown South Lyon submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown South Lyon region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 350 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown South Lyon occupants. 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 Downtown South Lyon.
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