Most listings are in the $20's per square foot per year. The Royal Oak region is seeing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Metro Detroit market, the Royal Oak region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Royal Oak are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 8,370 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this region were built in 1950 and are Class A.