On average, listings lease in the $30's per square foot per year. The Bloomfield Hills region is seeing a decrease in rates. In the last 3 months, the median rate decreased $75 per sqft per year. That's a 70% decline in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the Bloomfield Hills are subleases, so you might be able to snag a great spot on a short term. 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 3,650 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1980 and are Class A.