On average, listings lease in the $20's per square foot per year. The Detroit region is seeing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Detroit market, the Detroit submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 69 listings have been posted online, so you'll want to check back regularly for new listings. 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 4,120 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1935 and are Class B.