On average, listings lease in the $40's per square foot per year. The Downtown Ann Arbor region is experiencing a a boost in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 39% increase in rent.
In the last 90 days, 18 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Downtown Ann Arbor are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area 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. Public administration is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor residents. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.