Traverse City Retail

Traverse City

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,290
As of: August 16, 2017

Traverse City Rates

Most listings are in the $10's per square foot per year. The Traverse City submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.

Traverse City Listing Supply

In the last 90 days, 4 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Traverse City are subleases, so you might be able to snag a great spot on a short term. 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 2,290 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1982 and are Class Class A.

Traverse City Community

Market Report

Trends and status of the commercial real estate market in Traverse City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Traverse City.
Research

Traverse City Submarkets