On average, listings lease in the $20's per square foot per year. The Farmington Hills submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Metro Detroit market, the Farmington Hills submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 168 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 3,300 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1986 and are Class B.