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Startup Friendly At Half The Price

By Yasmine Elamali on January 8, 2018 8:01 pm

0 CommentsEntrepreneur, Market, Real Estate

Start a new company without breaking the bank on skyrocket high rents.

Detroit has been said to be very favorable to startup companies looking to lease space in a upcoming and less expensive market. The Renaissance of the city marks itself as a rising tech hub, offering Class-B basic space at rates that tend to be more “start-up friendly” than other places might be. To give you a numerical map, in Downtown Detroit, a startup can can rent 2,951 SF for $5K/month — almost three times the office space that a startup can get in Midtown Manhattan or San Francisco for the same budget.

Moreover, the newbie companies get to be in what may be the country’s greatest comeback story, as evidenced by tech companies moving there, including big players like Google. Add to that Detroit’s vibrant, resilient community of spirited entrepreneurs and the city’s excellent national and international connectivity, and you’ve got yourself a charming start to your operations!

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