Troy Sublease

Troy

Office Space Market Report

Number of Listings (last 90 days)
112
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,130
As of: December 9, 2016

Troy Rates

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

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

Troy Listing Supply

In the last 90 days, 98 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available space in the Troy are subleases, so you might be able to snag a great spot on a short term. 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 3,240 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market 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