On average, listings lease in the $20's per square foot per year. The Grosse Pointe Park region is going through a a boost in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have come on the market, which means listings might be going fast. 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 1,910 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Grosse Pointe Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.