The typical asking rate per listing is in the $40's per square foot per year. The Central Ann Arbor region is seeing a a rise in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 35% increase in rent.
In the last 90 days, 17 listings have been posted online, which means spaces are probably 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 1,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1925 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Central Ann Arbor occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.