Troy Retail

Troy

Office Space Market Report

Number of Listings (last 90 days)
81
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,240
As of: December 2, 2016

Troy Rates

On average, listings lease in the $20's per square foot per year. The Troy region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.

Compared to the rest of the Metro Detroit market, the Troy submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Troy Listing Supply

In the last 90 days, 101 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the available space in the Troy are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this market were built in 1982 and are Class B.

Troy Community

Market Report

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

Market Data

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