Compared to the rest of the Metro Detroit market, the Downtown Royal Oak submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the listings in the Downtown Royal Oak are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 8,930 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 0 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Royal Oak residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.