Most listings are in the $20's per square foot per year. The Downtown Rochester submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 30% decrease in rent.
Compared to the rest of the Metro Detroit market, the Downtown Rochester submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,020 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Rochester folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.