The typical asking rate per listing is in the $20's per square foot per year. The Novi region is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Metro Detroit market, the Novi region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 34 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,030 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 1 stories. Most buildings in this area were built in 1995 and are Class B.