On average, listings lease in the $20's per square foot per year. The The Smart Zone region is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Metro Detroit market, the The Smart Zone region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have been made available, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 9,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1986 and are Class B.
This market is fairly equally mixed residential and commercial. Company management is the dominant industry in this market. Commute by car is the most popular way to get to work amongst The Smart Zone residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.