The typical asking rate per listing is in the $30's per square foot per year. The South Ann Arbor submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 27% increase in rent.
In the last 90 days, 25 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. 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 3,870 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst South Ann Arbor occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.