Most listings are in the $10's per square foot per year. The Downtown South Lyon submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Metro Detroit market, the Downtown South Lyon submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been listed, which means new availabilities most likley are 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1940 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown South Lyon residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.