Most listings are in the $20's per square foot per year. The Central Ann Arbor region is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 17 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 18% of the listings in the Central Ann Arbor are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,800 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market 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.