Most listings are in the $20's per square foot per year. The Northville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Metro Detroit market, the Northville region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have been posted online, which means leases are probably 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 3,340 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Most of the residents of Northville work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.