The typical asking rate per listing is in the $20's per square foot per year. The Royal Oak submarket is seeing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Metro Detroit market, the Royal Oak submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 32 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available space in the Royal Oak are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,370 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1950 and are Class A.