On average, listings lease in the $20's per square foot per year. The South Ann Arbor submarket is going through a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 13% increase in rent.
In the last 90 days, 25 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the available space 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 leases below 2,000 sqft. Most properties in this area are close to 1 floors. Most buildings in this market 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 occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.