On average, listings lease in the $20's per square foot per year. The Lathrup Village submarket is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 46% increase in rent.
Compared to the rest of the Metro Detroit market, the Lathrup Village region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1966 and are Class B.