Most listings are in the $20's per square foot per year. The Downtown Detroit submarket is going through a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year.
Compared to the rest of the Detroit market, the Downtown Detroit submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 35 listings have been posted online, 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 10,330 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 5 stories. Most buildings in this market were built in 1925 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Detroit occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.