Downtown Troy Office Space

Downtown Troy

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
620
As of: August 20, 2017

Downtown Troy Rates

Most listings are in the $10's per square foot per year. The Downtown Troy region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 21% decline in rent.

Downtown Troy Listing Supply

In the last 90 days, 16 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the Downtown Troy are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 620 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1897 and are Class B.

Downtown Troy Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Troy folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Troy Submarkets