The typical asking rate per listing is in the $20's per square foot per year. The Downtown Rochester submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Metro Detroit market, the Downtown Rochester region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Rochester occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.