On average, listings lease in the $20's per square foot per year. The Southfield submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Metro Detroit market, the Southfield submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 410 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available space in the Southfield are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,170 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1978 and are Class B.