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700 Tower Drive Suite 500, Troy, MI 48098

Office space for lease at 700 Tower Drive, Suite 500.

Space Size8,069 SF
Days on Market2305

Property Features for 700 Tower Drive Suite 500

General Information

Standard status Active
Size 8,069 SF
Class A
Property subtype Office
Lease Type Full Service

Building Details

Building Size 8,069 SF
Tenancy Multiple

Spaces For Lease

at 700 Tower Drive Suite 500 Contact us

Suite 500

Size
8,069 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Colliers - Royal Oak/Detroit, Michigan
Listed By: Gary Grochowski · License #MI
Source: Crexi
Added: Apr 30, 2020 Changed: Aug 15 Last Checked: Aug 20 at 4:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Royal Oak/Detroit, Michigan

Investment Insights

Based on property information with market context.

Office space is available for lease at 700 Tower Drive, Suite 500, Troy, MI 48098.

Key Highlights

  • For Lease

Property Analytics

Current Use

NAI Group, LLC Industrial Manufacturer HBPO North America ... Industrial Manufacturer AmeriSave Mortgage Corporation Loan Service Effyis, Inc. (Bike/Boat/Book/etc) Store RCM Technologies (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop Hair Salon Restaurant Auto Parts Store

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

879
Businesses Nearby
Well-served
Demand for This Use

Demographics for 48098, MI

20,349
Population
7,828
Households
2.6
Avg Household Size
46
Median Age
77%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
2,165
Density / Sq Mi
$165,781
Median Household Income
$83,298
Median Earnings
$1,720
Median Rent
$485,300
Median Home Value

Market

Lease Benchmarks for Troy, MI

$19.16 /SF/Yr
Avg Asking Price
$4.29–$35.53 /SF/Yr
Price Range
30,791 SF
Avg Space Size

This space is priced 6% below the average of $19.16 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Office space - Office space for lease at 700 Tower Drive, Suite 500.
Where is this office space located?
The property is located at 700 Tower Drive Suite 500 Troy, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: For Lease
(810) 623-8013 Call to check price and availability
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