Troy Retail

Troy

Office Space Market Report

Number of Listings (last 90 days)
196
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,060
As of: July 25, 2017

Troy Rates

The typical asking rate per listing is in the $20's per square foot per year. The Troy submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

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

Troy Listing Supply

In the last 90 days, 196 listings have come on the market, so you'll want to check back regularly for new listings. About 41% of the listings in the Troy are subleases, so you might be able to find a shorter term or below market rent. 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 3,180 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 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