On average, listings lease in the $20's per square foot per year. The Bingham Farms submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metro Detroit market, the Bingham Farms submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 51 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Bingham Farms are subleases, so you will probably have to focus your search on direct office leases. 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 3,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this region were built in 1979 and are Class B.