Most listings are in the $20's per square foot per year. The Downtown Lathrup Village submarket is going through a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown Lathrup Village submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,660 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built in 1961 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Lathrup Village occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.