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