On average, listings lease in the $20's per square foot per year. The Southfield region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Metro Detroit market, the Southfield submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 221 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Southfield are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,760 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1977 and are Class B.