The typical asking rate per listing is in the $20's per square foot per year. The Downtown Detroit submarket is going through a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Detroit market, the Downtown Detroit region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 5 floors. Most buildings in this region were built in 1925 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Detroit folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.