Compared to the rest of the Detroit market, the Lower East Detroit submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Lower East Detroit are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1941 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Lower East Detroit residents. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.