On average, listings lease in the $20's per square foot per year. The Bloomfield Hills submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $15 per sqft per year. That's a 34% decline in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,920 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1980 and are Class A.