On average, listings lease in the $20's per square foot per year. The Downtown Rochester region is seeing a an increase in rates. In the last 3 months, the median rate increased $29 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown Rochester 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, 4 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Downtown Rochester are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,690 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst Downtown Rochester occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.