Highlights
- The average rent for office space in Troy is $22.16 per square foot, 2.93% higher compared to the previous year.
- The market’s vacancy rate stands at 22.25%, higher than the state average of Michigan, which is 22.02%.
- Renting Class A/A+ office space here costs $26.75 per square foot, while Class B averages $21.49 and Class C stands at $15.83.
2025 Office Space Rent & Sales
- $22.16 2025 Avg. Asking Rent
- 2.93% Y-o-Y Avg. Asking Rent Change
- 22.25% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Troy?
Average asking rents for office space here stand at $22.16 per square foot. The local office market recorded an average vacancy rate of 22.25% in 2025, unchanged from 22.25% in 2024.
Troy, MI Office Asking Rents by Class
What is the average office rent per square foot by property class in Troy?
- Avg. Asking Rent Class A & A+$26.75
- Avg. Asking Rent Class B$21.49
- Avg. Asking Rent Class C$15.83
The average asking rent for Class A and A+ office space stood at $26.75 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Troy averaged $21.49 per square foot, while the average for Class C space was $15.83 per square foot.
What is the average office rent per square foot by property class in MI?
- Avg. Asking Rent Class A & A+$22.82
- Avg. Asking Rent Class B$21.47
- Avg. Asking Rent Class C$15.43
For comparison, the average rent for Class A and A+ office space in Michigan was $22.82 per square foot. The state-wide average for Class B space was $21.47 per square foot, and Class C office spaces averaged $15.43 per square foot.
Office Construction in Troy, MI
What are the largest recent office completions in Troy?
The largest recent office completion here is 5151 Corporate Drive at 340,000 square feet, completed in 2000. The next largest completions are Columbia Center I and Columbia Center II.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Troy Medical Center | 1639 East Big Beaver Road, 48083 | 38,000 | 2007 |
| 5151 Corporate Drive | 5151 Corporate Dr, 48098 | 340,000 | 2000 |
| Columbia Center II | 101 West Big Beaver Road, 48084 | 251,620 | 2000 |
| 1441 West Long Lake Road | 1441 West Long Lake Road, 48098 | 106,772 | 2000 |
| For Sale | 86,400 SF Office / Flex / Hi-Tech Facility | 2240 Cunningham Dr, 48084 | 86,400 | 2000 |
| 5250 Corporate Drive | 5250 Corporate Drive, 48098 | 79,855 | 1999 |
| 5755 New King Drive | 5755 New King Court, 48098 | 59,034 | 1998 |
| Timberland Office Park IV | 1450 West Long Lake Road, 48098 | 162,353 | 1990 |
| Wattles Professional Center | 1950 E Wattles Road, 48085 | 13,600 | 1990 |
| Columbia Center I | 201 West Big Beaver Road, 48084 | 254,978 | 1989 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.