Compared to the rest of the Metro Detroit market, the Downtown Royal Oak region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the office spaces in the Downtown Royal Oak are subleases, so you will probably have to focus your search on direct office leases. 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 12,200 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 0 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. 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.