On average, listings lease in the $10's per square foot per year. The Northwest Warren submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metro Detroit market, the Northwest Warren region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 55 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available leases in the Northwest Warren 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this region are close to 1 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northwest Warren folk. Commuting approximately 30 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 Northwest Warren.
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