On average, listings lease in the $20's per square foot per year. The Bloomfield Hills submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 53 listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,770 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Bloomfield Hills residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.