The typical asking rate per listing is in the $20's per square foot per year. The Rochester Hills submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metro Detroit market, the Rochester Hills submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 123 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Rochester Hills are subleases, so you will probably have to focus your search on direct office leases. 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 3,050 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Rochester Hills.
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