The typical asking rate per listing is in the $20's per square foot per year. The Grosse Pointe Park submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Park region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the listings in the Grosse Pointe Park 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.
The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1924 and are Class B.