On average, listings lease in the $20's per square foot per year. The Walled Lake submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 18% increase in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 4,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1964 and are Class B.