Most listings are in the $10's per square foot per year. The Pontiac Commercial Historic District region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Metro Detroit market, the Pontiac Commercial Historic District submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1920 and are Class B.
Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Pontiac Commercial Historic District occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.