On average, listings lease in the $10's per square foot per year. The North Dearborn Park region is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Metro Detroit market, the North Dearborn Park submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 770 sqft. Most properties in this region are approximately 3 floors. Most buildings in this area were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst North Dearborn Park residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.