Traverse City, MI Retail Properties & Spaces for Lease
Traverse City, MI Retail properties & Spaces Lease Rates & Market Statistics
Browse 39 Retail properties & Spaces for lease in Traverse City, MI on Realmo, a commercial real estate marketplace serving the Traverse City area. The current inventory totals 311,829 square feet of properties — an average of ~8,000 SF per listing.
Retail properties & Spaces lease rates in Traverse City range from $10 SF/Yr at the entry level to $35 SF/Yr at the top of the market, averaging $20.48 SF/Yr. That's a 4x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $20.48 SF/Yr, the local average runs 22% above Michigan's state average of $16.84 SF/Yr.
Traverse City accounts for 98% of the 40 retail properties & spaces currently available across Grand Traverse County, where a nearby market includes Kingsley. By space type, the market includes 10 storefront properties, 5 showrooms and 4 shopping centers — showrooms typically offer the lowest entry point, while storefront properties command the highest rates.
