On average, listings lease in the $20'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 went up $3 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been listed, which means leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 4,200 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this market 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 folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.