Most listings are in the $40's per square foot per year. The Central Ann Arbor region is seeing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 85% rise in rent.
In the last 90 days, 218 listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the listings in the Central Ann Arbor are subleases, so you will probably have to focus your search on direct office leases. 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 4,240 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1925 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Central Ann Arbor folk. Commuting between 30 and 45 minutes 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 Central Ann Arbor.
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