On average, listings lease in the $20's per square foot per year. The Utica region is seeing a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 51% decrease in rent.
Compared to the rest of the Metro Detroit market, the Utica region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 8 listings have been listed, which means new listings 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 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 1,330 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1976 and are Class B.