On average, listings lease in the $20's per square foot per year. The Ferndale region is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Metro Detroit market, the Ferndale region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 7 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this region are close to 1 stories. Most buildings in this region were built in 1951 and are Class C.