Most listings are in the $20's per square foot per year. The Commerce Township Downtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Metro Detroit market, the Commerce Township Downtown region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are 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 5,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the residents of Commerce Township Downtown work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.