The typical asking rate per listing is 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 rose $24 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been listed, which means office spaces are probably going fast. 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.
Even though the median size is 3,110 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Grosse Pointe Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.