Industrial Property for Lease in Troy, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Troy, MI 48083

Description

1931 Austin Drive

Market Context

This industrial in Troy, MI is listed for lease. It has been on the market for 148 days. Compare it against other industrial listings for lease in Troy, MI — <a href="/search/lease/industrial/michigan/troy">view the full market</a>.

As of Q1 2026, the Detroit industrial market showed average asking rents near $5.79/SF/yr, rents up 4.6% year over year, and cap rates around 6.5%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Detroit?
About 6.5% as of Q1 2026, per Consensus.

Unified Estimate

Medium Confidence

$4.85/SF/mo – $6.57/SF/mo

Mid: $5.71/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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