Compared to the rest of the Metro Detroit market, the Ferndale region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available leases in the Ferndale are subleases, so you might be able to snag a great spot on a short term. 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 1,350 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 1953 and are Class Class B.
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 market. Most of the folk of Ferndale work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.