Most listings are in the $40's per square foot per year. The Oak Park submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $46 per sqft per year.
Compared to the rest of the Metro Detroit market, the Oak Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 12 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 83% of the available space in the Oak Park 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 270 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this market were built in 1960 and are Class Class C.