Troy, Michigan, is an attractive location for businesses seeking to establish a strong presence in the automotive and financial sectors, making Retail Space For Lease a valuable investment opportunity. With major companies like Altair Engineering, Behr America, and Flagstar Bank calling Troy home, the city's strong business presence is undeniable. The city's infrastructure, including Oakland-Troy Airport and Interstate 75, provides easy access to other areas, while the Council-Manager form of government ensures efficient management. Additionally, Troy's diverse demographic makeup and median household income above the national average make it an attractive location for businesses and residents alike. The city's rich history, parks, and recreational facilities, such as the Troy Historic Village, also contribute to its appeal.
With 34 Retail Space For Lease available, Troy offers a range of options for businesses seeking to establish a presence in the city. The average annual rent per square foot is $25 USD, with spaces ranging from 491 square feet to 22,366 square feet. In addition to Retail Space, Troy also offers Restaurants, Medical Offices, and Office Space For Lease, providing a diverse range of options for businesses. The city's strong economy, diverse amenities, and excellent infrastructure make it an attractive location for businesses seeking to establish a presence in the automotive and financial sectors.
What is the average cost per square foot for retail space in Troy?
The average cost per square foot for retail space in Troy is $25 USD per square foot, with an average size of 4,429 square feet and a maximum space size of 22,366 square feet available among the 34 listings currently on the market.
How do anchor tenants affect surrounding retail space leases?
In Troy, Michigan, anchor tenants, such as department stores or supermarkets, can positively impact surrounding retail space leases by increasing foot traffic and attracting a diverse customer base, which can lead to higher demand and rents for nearby retail spaces, with currently 34 available listings, averaging $25 USD per square foot, and ranging in size from 4,429 square feet to 22,366 square feet.
