Most listings are in the $80's per square foot per year. The Downtown Ann Arbor submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $42 per sqft per year. That's a 99% rise in rent.
In the last 90 days, 15 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 370 sqft. Most properties in this area are around 2 floors. Most buildings in this region 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 around an hour and a half a day is the norm for those who opt to reside in this part of town.