Most listings are in the $20's per square foot per year. The New Baltimore region is experiencing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Metro Detroit market, the New Baltimore submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this market were built in 1990 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst New Baltimore occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.