The typical asking rate per listing is in the $30's per square foot per year. The Bloomfield Hills region is seeing a a rise in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 36% increase in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been listed, which means spaces are probably 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,380 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.