The typical asking rate per listing is in the $20's per square foot per year. The Walled Lake region is experiencing a a rise in rates. In the last 3 months, the median rate went up $22 per sqft per year.
Compared to the rest of the Metro Detroit market, the Walled Lake submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 37 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1964 and are Class B.
Real time and historical data on commercial real estate listings in Walled Lake.
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