The typical asking rate per listing is in the $20's per square foot per year. The Farmington submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metro Detroit market, the Farmington submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 176 listings have been made available, so you'll want to check back regularly for new listings. About 26% of the available leases in the Farmington 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 1984 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.