Most listings are in the $20's per square foot per year. The Farmington submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metro Detroit market, the Farmington region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 176 listings have come on the market, so you'll want to check back regularly for new listings. 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 3,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this region were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Farmington residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.