Compared to the rest of the Metro Detroit market, the Ferndale region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,900 sqft. Most properties in this region are close to 1 stories. Most buildings in this area were built in 1950 and are Class C.
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 approximately 10 minutes a day is the norm for those who opt to reside in this part of town.