On average, listings lease in the $30's per square foot per year. The Detroit - Shoreway region is going through a a rise in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 77% increase in rent.
Compared to the rest of the Cleveland market, the Detroit - Shoreway region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means leases most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1900 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Detroit - Shoreway work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.