Compared to the rest of the Metro Detroit market, the Ferndale region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Ferndale are subleases, so you might be able to find a shorter term or below market rent. 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 1,350 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1953 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Ferndale work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.