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254 Commercial Real Estate Listings in Troy, MI

Troy, MI Commercial Real Estate

There are currently 256 commercial listings available in Troy, MI. These listings include 616 commercial spaces that encompass a total of 5,737,620 square feet. Available commercial spaces in Troy, MI range in size from 60 square feet to 1,000,000 square feet. A total of 74 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 15,057,482 square feet of office spaces, 1,626,610 square feet of office spaces with retail, and 2,229,906 square feet of industrial space.

Office Spaces

Total: 15,057,482 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 16.6% of total office
100k to 500k SqFt 11,510,980 SqFt 76.45% of total office
500k to 1M SqFt 1,047,000 SqFt 6.95% of total office
By class:
Class A 5,980,348 SqFt 39.72% of total office
Class B 8,675,994 SqFt 57.62% of total office
Class C 401,140 SqFt 2.66% of total office
Roughly 6.95% 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 16.6% of the office inventory.

Class A office space holds a 39.72% share of the overall Troy, MI office market, while Class B office assets make up approximately 57.62%.

Industrial

Total: 2,229,906 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 292,010 SqFt 13.1% of total industrial
100k to 500k SqFt 1,937,896 SqFt 86.9% of total industrial
By class:
Class A 55,000 SqFt 2.47% of total industrial
Class B 2,074,009 SqFt 93.01% of total industrial
Class C 100,897 SqFt 4.52% of total industrial
There are 1,937,896 square feet of commercial real estate properties between 100k to 500k square feet, representing 86.9% of the Troy, MI industrial inventory. Class A assets total 55,000 square feet of industrial space, with an additional 2,074,009 square feet of Class B and 100,897 square feet of Class C properties.

Office Spaces with Retail

Total: 1,626,610 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
100k to 500k SqFt 1,626,610 SqFt 100% 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 118 5,172,286
Troy, MI Retail 39 343,850
Troy, MI Industrial 20 157,289
Troy, MI Other 198 5,737,217
Ofice Icon

118

Office

Industrial Icon

20

Industrial

Retail Icon

39

Retail

Current local active listing encompass 11,410,642 square feet of commercial space for lease in Troy. There are 118 active office listings, which amount to 5,172,286 square feet and account for 31% of commercial spaces on the market. Local retail availability includes 343,850 square feet across 39 listings. Current industrial offerings on the market amount to 157,289 square feet across a total of 20.

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.