On average, listings lease in the $20's per square foot per year. The Central Ann Arbor submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year.
In the last 90 days, 17 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 35% of the available leases in the Central Ann Arbor are subleases, so you might be able to sign a shorter term by taking over a previous 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 4,240 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.