Most listings are in the $40's per square foot per year. The Downtown Ann Arbor region is experiencing a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 20% increase in rent.
In the last 90 days, 15 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the available space in the Downtown Ann Arbor 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,800 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 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. Public administration is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor occupants. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.