Compared to the rest of the Metro Detroit market, the Downtown Ferndale submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Downtown Ferndale are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this area are close to 1 floors. Most buildings in this area were built in 1959 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Ferndale folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.