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274 Commercial Real Estate Listings in Troy, MI

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Troy, MI Commercial Real Estate

There are currently 263 commercial listings available in Troy, MI. These listings include 464 commercial spaces that encompass a total of 5,105,408 square feet. Available commercial spaces in Troy, MI range in size from 60 square feet to 1,000,000 square feet. A total of 85 off-market commercial properties located in Troy, MI are also available for research.

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Troy, MI Commercial Inventory Breakdown

In 2023 the Troy, MI commercial real estate market totaled 16,057,482 square feet of office spaces, 3,011,733 square feet of office spaces with retail, and 2,208,906 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 5,889,589 SqFt 36.68% of total office
Class B 8,766,753 SqFt 54.6% 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 36.68% share of the overall Troy, MI office market, while Class B office assets make up approximately 54.6%.

Industrial

Total: 2,208,906 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 271,010 SqFt 12.27% of total industrial
100k to 500k SqFt 1,937,896 SqFt 87.73% of total industrial
By class:
Class A 55,000 SqFt 2.49% of total industrial
Class B 1,988,009 SqFt 90% of total industrial
Class C 165,897 SqFt 7.51% of total industrial
There are 1,937,896 square feet of commercial real estate properties between 100k to 500k square feet, representing 87.73% 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 165,897 square feet of Class C properties.

Office Spaces with Retail

Total: 3,011,733 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 150,500 SqFt 5% of total office with retail
100k to 500k SqFt 2,861,233 SqFt 95% 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 107 4,200,646
Troy, MI Retail 36 463,149
Troy, MI Industrial 35 409,523
Troy, MI Other 200 5,114,584
Ofice Icon

107

Office

Industrial Icon

35

Industrial

Retail Icon

36

Retail

Current local active listing encompass 10,187,902 square feet of commercial space for lease in Troy. There are 107 active office listings, which amount to 4,200,646 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 463,149 square feet across 36 listings. Current industrial offerings on the market amount to 409,523 square feet across a total of 35.

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 2021, 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 2021, 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.