The typical asking rate per listing is in the $20's per square foot per year. The South Ann Arbor region is seeing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% rise in rent.
In the last 90 days, 25 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 36% of the office spaces in the South 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 3,850 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1978 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 area. Commute by taxi is the most popular way to get to work amongst South Ann Arbor residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.