Most listings are in the $20's per square foot per year. The Downtown Troy region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Metro Detroit market, the Downtown Troy submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 46 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Troy are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,140 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this region were built in 1984 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this market. Most of the residents of Downtown Troy 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.