On average, listings lease in the $20's per square foot per year. The Walled Lake submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year.
Compared to the rest of the Metro Detroit market, the Walled Lake submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Walled Lake are subleases, so you might be able to find a shorter term or below market rent. 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 4,200 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1964 and are Class B.