The typical asking rate per listing is in the $10's per square foot per year. The Walled Lake region is going through a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Metro Detroit market, the Walled Lake region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 180% of the available space in the Walled Lake are subleases, so you might be able to snag a great spot on a short term. 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 1,040 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this region were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by walking is the most popular way to get to work amongst Walled Lake residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.