The typical asking rate per listing is in the $20's per square foot per year. The Oakland County region is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Metro Detroit market, the Oakland County submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8854 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Oakland County are subleases, so you will probably have to focus your search on direct office leases. 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 2,480 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Oakland County.
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