Compared to the rest of the Metro Detroit market, the Ferndale region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Ferndale are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,350 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region were built in 1953 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Ferndale work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.