On average, listings lease in the $20's per square foot per year. The Rivertown - Warehouse District region is going through a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the Detroit market, the Rivertown - Warehouse District region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the available leases in the Rivertown - Warehouse District 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 12,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1917 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Rivertown - Warehouse District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.