The typical asking rate per listing is in the $20's per square foot per year. The Northfield region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Metro Detroit market, the Northfield region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 40% of the listings in the Northfield 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.
Even though the median size is 5,418 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1989 and are Class A.
Public administration is the dominant industry in this region. Most of the folk of Northfield work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.