Most listings are in the $20's per square foot per year. The Northville submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Metro Detroit market, the Northville submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means spaces might be 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,890 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region 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 area. Most of the occupants of Northville work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.