On average, listings lease in the $20's per square foot per year. The Novi region is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Metro Detroit market, the Novi submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 25 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Novi are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,300 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1995 and are Class B.