The typical asking rate per listing is in the $20's per square foot per year. The Downtown Detroit region is seeing a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.
Compared to the rest of the Detroit market, the Downtown Detroit submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 60 listings have been made available, so you'll want to check back regularly for new listings. 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 7,570 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this area were built in 1925 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Construction is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Detroit occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.