Most listings are in the $20's per square foot per year. The New Center region is experiencing a a rise in rates. In the last 3 months, the median rate increased $22 per sqft per year.
Compared to the rest of the Detroit market, the New Center region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 18 listings have come on the market, which means leases might be 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 4 floors. Most buildings in this region were built in 1959 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst New Center residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.