On average, listings lease in the $20's per square foot per year. The Farmington Hills region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metro Detroit market, the Farmington Hills region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 168 listings have been listed, so you'll want to check back regularly for new listings. About 26% of the office spaces in the Farmington Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1985 and are Class B.