On average, listings lease in the $10's per square foot per year. The Harper Woods submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Metro Detroit market, the Harper Woods region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 840 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Harper Woods residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.