The typical asking rate per listing is in the $20's per square foot per year. The North End region is experiencing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Detroit market, the North End submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 18 listings have been listed, which means spaces are probably leasing quickly. 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 2,670 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 4 floors. Most buildings in this area were built in 1929 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North End occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.