The typical asking rate per listing is in the $10's per square foot per year. The Southgate submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Metro Detroit market, the Southgate submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 10 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,740 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this area were built in 1963 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by public transit is the most popular way to get to work amongst Southgate folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.