Compared to the rest of the Metro Detroit market, the Royal Oak submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 38 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Royal Oak are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this region were built in 1950 and are Class B.
This market is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Royal Oak folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.