The typical asking rate per listing is in the $10's per square foot per year. The Madison Heights submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 29% decrease in rent.
Compared to the rest of the Metro Detroit market, the Madison Heights region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 15 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available leases in the Madison Heights are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,210 sqft. Most buildings in this region are close to 1 stories. Most buildings in this area were built in 1967 and are Class B.