Most listings are in the $20's per square foot per year. The Utica submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Metro Detroit market, the Utica region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 69% of the listings in the Utica are subleases, so you might be able to find a shorter term or below market rent. 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 5,590 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1991 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Most of the residents of Utica work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.