Listing Agency: CBRE | Detroit b***@cbre.com Show Phone

Listed By: Brendan George · License #6502401928 Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 8 Last Checked: Aug 8 at 2:37PM

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Investment Insights

Based on property information with market context.

This commercial real estate property, located in Troy, Michigan, is an office building offering office spaces for rent. The property provides a total area of 68,891 square feet.

Key Highlights

• 68,891 square feet available for lease.

Property Analytics

Property Profile

Current Use

Upsource Partners Accounting Firm Parsons Transportation Group Engineering Consultant Malissa Wood, MA Physician Cheryl E. Gawlik, ... Physician Cindy L. Parks, ... Physician

Suggested Use

Top Pick Grocery & Convenience Store Plumbing Service Veterinary Clinic Nail Salon (Bike/Boat/Book/etc) Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,071

Businesses Nearby

Explore this area Business Placement

Demographics for 48084, MI

16,364

Population

7,402

Households

2.2

Avg Household Size

37

Median Age

73%

College-Educated

99%

High-School Grad

6.2 sq mi

ZIP Area

2,639

Density / Sq Mi

$106,004

Median Household Income

$71,494

Median Earnings

$1,648

Median Rent

$420,000

Median Home Value

Market

Lease Benchmarks for Troy, MI

$18.16 /SF/Yr

Avg Asking Price

$12–$22 /SF/Yr

Price Range

55,145 SF

Avg Space Size

This space is priced 21% above the average of $18.16 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building with 68,891 square feet available for lease.

Where is this office building located?

The property is located at 888 West Big Beaver Road Troy, MI.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: 68,891 square feet available for lease.