The typical asking rate per listing is in the $40's per square foot per year. The Central Ann Arbor region is going through a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 29% rise in rent.
In the last 90 days, 23 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Central Ann Arbor are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, 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 buildings in this market 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. 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.