Industrial Property for Lease in Troy, MI

  • Price: $2.3M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Troy, MI 48083

Description

22,752 Square Feet Available

Market Context

This industrial in Troy, MI is listed for lease at $2,300,000. It has been on the market for 163 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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