On average, listings lease in the $20's per square foot per year. The Troy region is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Metro Detroit market, the Troy submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1586 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Troy are subleases, so you will probably have to consider a longer term lease. 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 3,030 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1983 and are Class B.
Real time and historical data on commercial real estate listings in Troy.
Get email notifications when new listings are posted that match your requirements.