The typical asking rate per listing is in the $30's per square foot per year. The Downtown Ann Arbor submarket is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 190 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available space in the Downtown Ann Arbor are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 8,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1925 and are Class Class B.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Ann Arbor.
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