Most listings are in the $10's per square foot per year. The Downtown South Lyon submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown South Lyon region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 350 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown South Lyon occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.