Most listings are in the $40'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 $8 per sqft per year. That's a 23% increase in rent.
In the last 90 days, 15 listings have been posted online, which means leases might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area 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 residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.