Listing Agency: Newmark Knight Frank Detroit

Listed By: Daniel Canvasser Show Phone

Source: Cpix.resimplifi

Added: Mar 25 Changed: Oct 14 Last Checked: Oct 23 at 3:34AM

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Investment Insights

Based on property information with market context.

Available for rent is an office space encompassing 7,003 square feet. The property is located in Troy, Michigan.

Key Highlights

• 7,003 SF office space for rent
• Located in Troy, MI
• Office space available

Property Analytics

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Current Use

TE Connectivity Industrial Manufacturer Jerry Kulczycki - Thrivent Financial Advisor Posco America Corporation Factory DUNN Counsel PLC Law Firm Tax Defense Rescue ... Consultant

Suggested Use

Top Pick Nail Salon Hair Salon Parking Lot & Garage Grocery & Convenience Store Storage Facility Food Market

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

$2.54 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,993

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

$18.43 /SF/Yr

Avg Asking Price

$2.87–$35.53 /SF/Yr

Price Range

28,735 SF

Avg Space Size

This space is priced 8% below the average of $18.43 /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

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Frequently Asked Questions

What type of property is this?

Office unit - 7,003 SF office space for rent in Troy, MI.

Where is this office unit located?

The property is located at 900 Wilshire Dr Troy, MI.

What is the lease rate?

The lease rate is $16.95 SF/Yr.

What are key features of this property?

This property features: 7,003 SF office space for rent; Located in Troy, MI; Office space available