Compared to the rest of the Metro Detroit market, the Waterford submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 35 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the Waterford are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1960 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Waterford residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.