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256 Commercial Real Estate Listings in Troy, MI

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Troy, MI Commercial Real Estate

There are currently 260 commercial listings available in Troy, MI. These listings include 559 commercial spaces that encompass a total of 5,763,621 square feet. Available commercial spaces in Troy, MI range in size from 60 square feet to 1,000,000 square feet. A total of 83 off-market commercial properties located in Troy, MI are also available for research.

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Troy, MI Commercial Inventory Breakdown

In 2022 the Troy, MI commercial real estate market totaled 16,057,482 square feet of office spaces, 2,775,233 square feet of office spaces with retail, and 2,143,906 square feet of industrial space.

Office Spaces

Total: 16,057,482 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,499,502 SqFt 15.57% of total office
100k to 500k SqFt 11,510,980 SqFt 71.69% of total office
500k to 1M SqFt 2,047,000 SqFt 12.75% of total office
By class:
Class A 5,980,348 SqFt 37.24% of total office
Class B 8,675,994 SqFt 54.03% of total office
Class C 401,140 SqFt 2.5% of total office
Roughly 12.75% of the total office space in Troy, MI is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 15.57% of the office inventory.

Class A office space holds a 37.24% share of the overall Troy, MI office market, while Class B office assets make up approximately 54.03%.

Industrial

Total: 2,143,906 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 206,010 SqFt 9.61% of total industrial
100k to 500k SqFt 1,937,896 SqFt 90.39% of total industrial
By class:
Class A 55,000 SqFt 2.57% of total industrial
Class B 1,988,009 SqFt 92.73% of total industrial
Class C 100,897 SqFt 4.71% of total industrial
There are 1,937,896 square feet of commercial real estate properties between 100k to 500k square feet, representing 90.39% of the Troy, MI industrial inventory. Class A assets total 55,000 square feet of industrial space, with an additional 1,988,009 square feet of Class B and 100,897 square feet of Class C properties.

Office Spaces with Retail

Total: 2,775,233 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 54,000 SqFt 1.95% of total office with retail
100k to 500k SqFt 2,721,233 SqFt 98.05% of total office with retail

Troy, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Troy, MI Office 113 4,905,416
Troy, MI Retail 37 549,147
Troy, MI Industrial 21 247,696
Troy, MI Other 189 5,770,841
Ofice Icon

113

Office

Industrial Icon

21

Industrial

Retail Icon

37

Retail

Current local active listing encompass 11,473,100 square feet of commercial space for lease in Troy. There are 113 active office listings, which amount to 4,905,416 square feet and account for 31% of commercial spaces on the market. Local retail availability includes 549,147 square feet across 37 listings. Current industrial offerings on the market amount to 247,696 square feet across a total of 21.

Employment in Troy, MI

Employed Population 43,169

Employed population - Industry % Distribution

Management, business, science, and arts occupations

62%

Sales and office occupations

17%

Service occupations

11%

Production, transportation, and material moving occupations

7%

Natural resources, construction, and maintenance occupations

4%

In 2020, roughly 62% of a total of 43,169 employed in Troy worked in Management, business, science, and arts occupations, followed by 17% in Sales and office occupations and 11% in Service occupations.

Income per capita $48,062  Median household income $110,909

Household income

20%

Under $50k

24%

$50k - $100k

39%

$100k - $200k

17%

Over $200k

The median household income in Troy stands at $110,909, with per capita income at $48,062. Households earning between $50k and $100k represent 24% of the total, while those earning over $200k make up 17%. Approximately 20% of Troy households earn less than $50k per year.

Commuting in Troy, MI

Mean travel time to work 27 minutes

Means of transportation to work

85.30%

Driving alone

5.50%

Carpool

0.40%

Public transit

0.60%

Bicycle

1.20%

Walking

0.80%

Other

6.10%

Work at Home

*Universe: Workers 16 and over

Education in Troy, MI

High school grad or higher 97%

Bachelor's degree or higher 64%

Population by minimum level of education

3%

No degree

11%

High school

21%

Some College

32%

Bachelor's

33%

Post-grad

*Universe: Workers 25 and over

An estimated 97% of Troy residents aged 25 or over hold a high school degree or higher. Of those, 11% are high school graduates, 21% attended some college, 32% earned a bachelor's degree, with an additional 33% holding post-graduate degrees.

Troy, MI Demographics

As of 2020, Troy had a total population of 84,087, with a median age of 42.40 years. Roughly 65.40% of the total population was between the ages of 16 and 64 years old.