The typical asking rate per listing is in the $20's per square foot per year. The Farmington submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metro Detroit market, the Farmington submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 176 listings have been made available, so you'll want to check back regularly for new listings. About 23% of the available leases in the Farmington are subleases, so you might be able to snag a great spot on a short term. 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 1,506 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Farmington residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.