Troy, Michigan, is a hub for industrial activity, making it an ideal location for Industrial Space For Lease. The city's strong business presence, particularly in the automotive and financial sectors, creates a high demand for industrial spaces. With major companies like Altair Engineering, Behr America, and Flagstar Bank calling Troy home, the city's infrastructure is well-equipped to support industrial operations. The Oakland-Troy Airport and Interstate 75 provide convenient transportation options, while the city's council-manager form of government ensures efficient management of resources. Additionally, Troy's diverse demographic makeup and high median household income make it an attractive location for businesses and residents alike. The city's many parks and recreational facilities, including the Troy Historic Village, offer a great quality of life for residents.
Troy's Industrial Space For Lease market is thriving, with 20 available listings. The average annual rent per square foot is $10 USD, with options ranging from $7 USD to $15 USD per square foot. Industrial spaces in Troy vary in size, with an average of 24,240 square feet and options ranging from 2,320 to 211,505 square feet. In addition to Industrial Space, Troy also offers Flex Space, Commercial Real Estate, Land, and Restaurants For Lease, providing a range of options for businesses. With its strong economy, convenient location, and high quality of life, Troy is an excellent choice for businesses looking to lease industrial space.
What is the average size of industrial space for lease in the Troy market?
The average size of industrial space for lease in the Troy market is 24,240 square feet, with a total of 20 available listings, and a maximum space size of 211,505 square feet, making it an attractive option for businesses in the automotive and financial sectors.
What do I need to look for when leasing an industrial space in Troy?
When leasing an industrial space in Troy, you'll want to consider several key factors to ensure you find the right property for your business needs.
- With 20 available listings of industrial space, you'll have a range of options to choose from, but be sure to evaluate each property's average annual rent per square foot, which is currently $10 USD, and average size, which is 24,240 square feet, to ensure it fits your budget and operational requirements.
- Additionally, consider the maximum space size available, which is 211,505 square feet, and the proximity to major transportation facilities like Interstate 75 and the Oakland-Troy Airport, which can impact your supply chain and logistics.
- Finally, think about the local amenities and infrastructure that can support your business, such as the city's strong automotive and financial sectors, access to education institutions like Walsh College and University of Phoenix, and recreational facilities like parks and the Troy Historic Village.
