On average, listings lease in the $20's per square foot per year. The West Ann Arbor region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 7 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1969 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Most of the residents of West Ann Arbor work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.