The typical asking rate per listing is in the $30's per square foot per year. The Duvall - Edison submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $31 per sqft per year.
Compared to the rest of the Metro Detroit market, the Duvall - Edison submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means listings might be 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.
The standard measurement for office space in this area is around 440 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Duvall - Edison folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.