The typical asking rate per listing is in the $20's per square foot per year. The Bloomfield Hills submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Metro Detroit market, the Bloomfield Hills submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 53 listings have come on the market, so you'll want to check back regularly for new listings. About 21% of the office spaces in the Bloomfield Hills 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,730 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.