Troy Office Space

Troy

Office Space Market Report

Number of Listings (last 90 days)
98
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,240
As of: December 6, 2016

Troy Rates

Most listings are in the $20's per square foot per year. The Troy region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.

Compared to the rest of the Metro Detroit market, the Troy submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Troy Listing Supply

In the last 90 days, 86 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Troy are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this market were built in 1982 and are Class B.

Troy Community

Market Report

Trends and status of the commercial real estate market in Troy.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Troy.
Research