The typical asking rate per listing is in the $10's per square foot per year. The Brighton region is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metro Detroit market, the Brighton submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 30 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Brighton are subleases, so you will probably have to consider a longer term lease. 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 920 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1980 and are Class A.
Real time and historical data on commercial real estate listings in Brighton.
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