On average, listings lease in the $20's per square foot per year. The Walled Lake submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Metro Detroit market, the Walled Lake region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 6 listings have been listed, which means new availabilities might be 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 7,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 1 floors. 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 area. Commute by walking is the most popular way to get to work amongst Walled Lake residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.