On average, listings lease in the $30's per square foot per year. The Birmingham submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Metro Detroit market, the Birmingham submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 9,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1970 and are Class B.