The typical asking rate per listing is in the $20's per square foot per year. The The Smart Zone submarket is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Metro Detroit market, the The Smart Zone submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 17,390 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this region were built in 1986 and are Class B.
This area is fairly equally mixed residential and commercial. Company management is the dominant industry in this area. Commute by car is the most popular way to get to work amongst The Smart Zone residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.