Compared to the rest of the Metro Detroit market, the Downtown Royal Oak region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 18 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Downtown Royal Oak are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 0 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Royal Oak folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.