The typical asking rate per listing is in the $10's per square foot per year. The Lathrup Village submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Metro Detroit market, the Lathrup Village submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Lathrup Village are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 700 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1966 and are Class B.
Real time and historical data on commercial real estate listings in Lathrup Village.
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