Downtown Ann Arbor Retail

Downtown Ann Arbor

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,230
As of: February 20, 2017

Downtown Ann Arbor Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Ann Arbor submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 31% decline in rent.

Downtown Ann Arbor Listing Supply

In the last 90 days, 15 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Downtown 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,230 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1925 and are Class Class B.

Downtown Ann Arbor Community

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 region. Commute by public transit is the most popular way to get to work amongst Downtown Ann Arbor folk. Commuting approximately an hour and a half 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 Ann Arbor.
Market Report

Market Data

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