On average, listings lease in the $10's per square foot per year. The Walled Lake submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 50% decrease in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,560 sqft. Most properties in this region are around 1 stories. Most buildings in this region were built in 1971 and are Class B.
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 region. Commute by walking is the most popular way to get to work amongst Walled Lake folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.