The typical asking rate per listing is in the $10's per square foot per year. The Lathrup Village submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Metro Detroit market, the Lathrup Village region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have come on the market, which means listings might be 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 2,340 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1966 and are Class B.