Compared to the rest of the Metro Detroit market, the Downtown Ferndale submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,900 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1953 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Ferndale residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.