On average, listings lease in the $20's per square foot per year. The West Bloomfield submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Metro Detroit market, the West Bloomfield submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 14 listings have been posted online, which means new listings might be 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,040 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst West Bloomfield occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.