The typical asking rate per listing is in the $20's per square foot per year. The Downtown Pontiac region is experiencing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Metro Detroit market, the Downtown Pontiac submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 10,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1950 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Pontiac occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.