Most listings are in the $0's per square foot per year. The Royal Oak submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 40 listings have been made available, which means new availabilities might be going fast. 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.
The standard measurement for office space in this area is around sqft. Most buildings in this market are around 1 floors. Most buildings in this area were built in 1950 and are Class B.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Royal Oak folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.