The typical asking rate per listing is in the $30's per square foot per year. The Bloomfield Hills region is experiencing a decline in rates. In the last 3 months, the median rate fell $75 per sqft per year. That's a 70% decrease in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Bloomfield Hills are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,650 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1980 and are Class A.