Most listings are in the $10's per square foot per year. The St. Jean region is seeing a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year.
Compared to the rest of the Detroit market, the St. Jean region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 27 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the listings in the St. Jean are subleases, so you will probably have to consider a longer term lease. 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 2,500 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst St. Jean folk. Commuting approximately 10 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 St. Jean.
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