On average, listings lease in the $20's per square foot per year. The Warren submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Metro Detroit market, the Warren region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 29 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 45% of the available space in the Warren are subleases, so you might be able to find a shorter term or below market rent. 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 7,230 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1970 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Warren residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.