On average, listings lease in the $0's per square foot per year. The Ferndale submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 7 listings have been posted online, 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this market are approximately 1 stories. Most buildings in this area were built in 1951 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the residents of Ferndale work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.