The typical asking rate per listing is in the $10's per square foot per year. The Royal Oak region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Metro Detroit market, the Royal Oak submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 32 listings have been made available, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 41% of the available leases in the Royal Oak are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are around 1 stories. Most buildings in this region were built in 1950 and are Class B.