The typical asking rate per listing is in the $10's per square foot per year. The Downtown Milford submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown Milford region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means office spaces most likley are 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.
Even though the median size is 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1920 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Most of the residents of Downtown Milford work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.