On average, listings lease in the $20's per square foot per year. The Southfield region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Metro Detroit market, the Southfield region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 228 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Southfield are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1977 and are Class B.