On average, listings lease in the $20's per square foot per year. The North West Detroit submarket is going through a a boost in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Detroit market, the North West Detroit region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available leases in the North West Detroit 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 posted, so finding a space for a small business might be tough.
Even though the median size is 25,950 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this market were built in 1956 and are Class B.
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 region. Commute by bike is the most popular way to get to work amongst North West Detroit residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.