The typical asking rate per listing is in the $10's per square foot per year. The Pontiac Commercial Historic District region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Metro Detroit market, the Pontiac Commercial Historic District submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 10 listings have been listed, which means office spaces are probably 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 5,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this market were built in 1920 and are Class B.
Professional services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Pontiac Commercial Historic District occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.