Most listings are in the $20's per square foot per year. The Commerce Township Downtown region is experiencing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Metro Detroit market, the Commerce Township Downtown submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this area were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the occupants of Commerce Township Downtown work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.