The typical asking rate per listing is in the $10's per square foot per year. The Walled Lake region is seeing a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Metro Detroit market, the Walled Lake submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 180% of the office spaces in the Walled Lake are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,040 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 1972 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.