On average, listings lease in the $10's per square foot per year. The Lathrup Village submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Metro Detroit market, the Lathrup Village region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been made available, which means spaces 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 2,340 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1966 and are Class B.