On average, listings lease in the $20's per square foot per year. The Grosse Pointe Park region is going through a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the available space in the Grosse Pointe Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,110 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this area were built in 1924 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 market. 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.