On average, listings lease in the $10's per square foot per year. The Downtown Lathrup Village submarket is going through a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown Lathrup Village region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 60 listings have come on the market, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,340 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1961 and are Class B.
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 public transit is the most popular way to get to work amongst Downtown Lathrup Village occupants. Commuting around 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 Downtown Lathrup Village.
Get email notifications when new listings are posted that match your requirements.