The typical asking rate per listing is in the $30's per square foot per year. The Downtown Ann Arbor submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $39 per sqft per year.
In the last 90 days, 15 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Downtown Ann Arbor are subleases, so you might be able to snag a great spot on a short term. 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 10,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area 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. Public administration is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.