The typical asking rate per listing is in the $30's per square foot per year. The Bloomfield Hills submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 62 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available leases in the Bloomfield Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 13,730 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Bloomfield Hills.
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