The typical asking rate per listing is in the $10's per square foot per year. The Pontiac Commercial Historic District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Metro Detroit market, the Pontiac Commercial Historic District submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 34 listings have been posted online, which means office spaces are probably going fast. 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.
The standard measurement for office space in this area is around 1,640 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1920 and are Class B.
Professional services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Pontiac Commercial Historic District residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.