Most listings are in the $20's per square foot per year. The North End submarket is seeing 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 North End submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 9 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 111% of the office spaces in the North End are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,880 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1929 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst North End occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.