On average, listings lease 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 $13 per sqft per year. That's a 40% rise in rent.
In the last 90 days, 19 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 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 market. Commute by public transit is the most popular way to get to work amongst Central Ann Arbor folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.