The typical asking rate per listing is in the $20's per square foot per year. The Novi submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metro Detroit market, the Novi submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 25 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 12% of the available space in the Novi are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,300 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this market were built in 1995 and are Class B.