The typical asking rate per listing is in the $20's per square foot per year. The Madison Heights submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Metro Detroit market, the Madison Heights submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 152 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Madison Heights are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 1969 and are Class B.
Real time and historical data on commercial real estate listings in Madison Heights.
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