The typical asking rate per listing is in the $10's per square foot per year. The SMB Estates submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $14 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Metro Detroit market, the SMB Estates region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been posted online, which means office spaces most likley are leasing quickly. 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.
Even though the median size is 4,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built in 1980 and are Class C.
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 area. Commute by motorcycle is the most popular way to get to work amongst SMB Estates occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.