On average, listings lease in the $20's per square foot per year. The Rochester region is experiencing a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Metro Detroit market, the Rochester region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 15 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the available leases in the Rochester are subleases, so you might be able to find a shorter term or below market rent. 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 3,220 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Rochester folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.