On average, listings lease in the $30's per square foot per year. The Downtown Ann Arbor region is experiencing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 34% decrease in rent.
In the last 90 days, 190 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Downtown 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,500 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 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 area. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor residents. Commuting approximately 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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