On average, listings lease in the $0's per square foot per year. The Lake Orion submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $22 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 11 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 500 sqft. Most buildings in this market are around 1 stories. Most buildings in this area were built in 1987 and are 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 area. Commute by motorcycle is the most popular way to get to work amongst Lake Orion folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.