Compared to the rest of the Detroit market, the Rivertown - Warehouse District 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, 5 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 60% of the available leases in the Rivertown - Warehouse District 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 12,780 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1917 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Rivertown - Warehouse District residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.