The typical asking rate per listing is in the $20's per square foot per year. The New Center submarket is going through a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year.
Compared to the rest of the Detroit market, the New Center submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 600% of the available space in the New Center 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this market were built in 1935 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst New Center folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.