On average, listings lease in the $20's per square foot per year. The Grosse Pointe Woods submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Metro Detroit market, the Grosse Pointe Woods submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,160 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1966 and are Class A.