On average, listings lease in the $10's per square foot per year. The Madison Heights submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $14 per sqft per year.
Compared to the rest of the Metro Detroit market, the Madison Heights region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 61% of the available space in the Madison Heights are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,870 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1969 and are Class B.