On average, listings lease in the $20's per square foot per year. The Farmington region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metro Detroit market, the Farmington submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Farmington are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 1,900 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Farmington residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.