On average, listings lease in the $20's per square foot per year. The Grosse Pointe Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 120% of the available space in the Grosse Pointe Park are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,910 sqft. Most buildings in this region are close to 1 stories. Most buildings in this area were built in 1924 and are Class B.