Most listings are in the $20's per square foot per year. The Grosse Pointe Park submarket is experiencing a a boost 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 Grosse Pointe Park submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the listings in the Grosse Pointe Park 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,910 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1924 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Grosse Pointe Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.