Most listings are in the $30's per square foot per year. The Detroit - Shoreway region is going through a an increase in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 77% rise in rent.
Compared to the rest of the Cleveland market, the Detroit - Shoreway region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means spaces most likley are 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.
Even though the median size is 4,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this market were built in 1900 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the residents of Detroit - Shoreway work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.