The typical asking rate per listing is in the $10's per square foot per year. The Northwest Warren region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Metro Detroit market, the Northwest Warren submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 55 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Northwest Warren 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 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 1,700 sqft. Most buildings in this market are close to 1 floors. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northwest Warren residents. Commuting close to 30 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 Northwest Warren.
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