Most listings are in the $20's per square foot per year. The Northville region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Metro Detroit market, the Northville submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 22 listings have come on the market, which means leases might be going fast. 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 3,950 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Most of the occupants of Northville work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.