Most listings are in the $20's per square foot per year. The Walled Lake region is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 5 listings have come on the market, which means spaces might be going fast. 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.
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 around 1 floors. Most buildings in this region were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Walled Lake occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.