The typical asking rate per listing is in the $20's per square foot per year. The Farmington Hills submarket is going through a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Metro Detroit market, the Farmington Hills submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 168 listings have been posted online, so you'll want to check back regularly for new listings. About 43% of the listings in the Farmington Hills are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,610 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1985 and are Class B.