Central Ann Arbor Retail

Central Ann Arbor

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
1,400
As of: February 24, 2017

Central Ann Arbor Rates

On average, listings lease in the $30's per square foot per year. The Central Ann Arbor region is seeing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 29% decline in rent.

Central Ann Arbor Listing Supply

In the last 90 days, 17 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Central Ann Arbor are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,400 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1925 and are Class Class B.

Central Ann Arbor Community

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 residents. 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 Central Ann Arbor.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central Ann Arbor.
Research