The typical asking rate per listing is in the $0's per square foot per year. The Downtown Detroit submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $24 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 42 listings have been listed, 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 6,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 5 floors. Most buildings in this area were built in 1925 and are Class B.
A large portion of this market 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.