The typical asking rate per listing is in the $20's per square foot per year. The Rochester Hills submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 16% increase in rent.
Compared to the rest of the Metro Detroit market, the Rochester Hills submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means new availabilities are probably leasing quickly. 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.
Even though the median size is 7,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1987 and are Class Class B.