Most listings are in the $20's per square foot per year. The Madison Heights region is experiencing a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 58% increase in rent.
Compared to the rest of the Metro Detroit market, the Madison Heights submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,210 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1967 and are Class Class B.