On average, listings lease in the $30's per square foot per year. The Central Ann Arbor region is experiencing a decline in rates. In the last 3 months, the median rate decreased $46 per sqft per year. That's a 54% decrease in rent.
In the last 90 days, 17 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 35% of the listings in the Central Ann Arbor are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,240 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market 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 market. 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.