The typical asking rate per listing is in the $20's per square foot per year. The The Smart Zone region is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Metro Detroit market, the The Smart Zone region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 9,250 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this market were built in 1986 and are Class B.
This region is fairly equally mixed residential and commercial. Company management is the dominant industry in this area. Commute by car is the most popular way to get to work amongst The Smart Zone occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.