On average, listings lease in the $20's per square foot per year. The Walled Lake submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Walled Lake residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.