The typical asking rate per listing is in the $10's per square foot per year. The Downtown South Lyon region is going through a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown South Lyon submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have come on the market, which means new listings 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 350 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown South Lyon occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.