The typical asking rate per listing is in the $20's per square foot per year. The Novi submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metro Detroit market, the Novi 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, 25 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 12% of the listings in the Novi are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,300 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this area were built in 1995 and are Class B.