On average, listings lease in the $0's per square foot per year. The Royal Oak region is going through a decline in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 40 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1950 and are Class B.
This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Royal Oak folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.