Most listings are in the $20's per square foot per year. The Village of Lake Orion Downtown submarket is going through a an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Metro Detroit market, the Village of Lake Orion Downtown submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,350 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1881 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Village of Lake Orion Downtown residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.