On average, listings lease in the $10's per square foot per year. The Sterling Heights submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Metro Detroit market, the Sterling Heights region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 407 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Sterling Heights are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1989 and are Class B.
Real time and historical data on commercial real estate listings in Sterling Heights.
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