Troy Industrial Space

Troy

Market Report

Number of Listings
Posted in the last 90 days
48
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
3,180

Troy Rates

The typical asking rate per listing is in the $20's per square foot per year. The Troy region is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the Metro Detroit market, the Troy region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Troy Listing Supply

In the last 90 days, 1586 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available leases in the Troy are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,180 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 1 floors. Most buildings in this area were built in 1983 and are Class B.

Troy Community

Market Data

Real time and historical data on commercial real estate listings in Troy.
Research