On average, listings lease in the $20's per square foot per year. The Farmington Hills submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $24 per sqft per year.
Compared to the rest of the Metro Detroit market, the Farmington Hills region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 168 listings have been posted online, so you'll want to check back regularly for new listings. About 40% of the available space in the Farmington Hills 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 1 floors. Most buildings in this area were built in 1985 and are Class B.