Troy, MI
Commercial Real Estate Market Trends & Data

$252 Avg asking sale price
$234 Avg asking lease rate
19,135 SF Avg unit lease size
29,883 SF Avg building size for sale
6.18% Average cap rate

Troy's Demographic Profile

Troy has 32,322 households and a median income of $114,281, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 85,635
# Households 32,322
Median age 43
Median household income $114,281
Avg household size 3.0
Renter-occupied housing units 8,733
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Troy, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Troy $270 45,317 SF 6.97%
Clawson $249 14,448 SF 9.42%
Royal Oak $271 7,233 SF 11.00%
Madison Heights $149 14,228 SF 9.42%
Nearby Retail Markets Avg Cost/SF Typical Size
Troy $418 17,295 SF
Clawson $365 8,820 SF
Birmingham $804 9,107 SF
Royal Oak $305 6,697 SF
Madison Heights $350 4,864 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Troy $223 12,245 SF 6.42%
Clawson $280 11,189 SF 6.42%
Royal Oak $264 11,008 SF 6.42%
Sterling Heights $101 39,370 SF 4.53%

Commercial Properties For Sale in Troy

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1438 N Crooks Rd

Clawson, MI 48017

  • 15,000 SF Industrial Building
  • $1,999,000
For Sale

Lowe's

Rochester Hills, MI 48307

  • 135,000 SF Retail Building
  • 5.50% Cap Rate
  • $11,820,000
For Sale

1955 Stephenson Hwy

Troy, MI 48083

  • 181,330 SF Industrial Building
  • $13,950,000
For Sale

2071 Stephenson Hwy

Troy, MI 48083

  • 7,216 SF Industrial Building
  • $1,100,000
For Sale

36886 Ryan Rd

Sterling Heights, MI 48310

  • 3,495 SF Retail Building
  • $625,000
For Sale

1.24-Acre Drive-Thru Site

Troy, MI 48083

  • 2,367 SF Retail Building
  • $1,400,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Troy pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Troy $252 29,883 SF
Clawson $314 21,180 SF
Birmingham $526 8,277 SF
Royal Oak $264 9,817 SF
Madison Heights $200 11,440 SF

Regional Demographic Comparison

This comparison places Troy alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Troy or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Troy 85,635 32,322 43 $114,281 3 8,733 -1%
Clawson 11,135 5,468 41 $81,020 2 1,469 -1%
Royal Oak 58,141 29,382 39 $93,580 2 9,788 -1%
Madison Heights 27,458 12,844 40 $58,092 2 5,389 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Troy, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Troy

View All Commercial Real Estate For Sale in Troy
Is Troy a good market for a first-time commercial real estate investor?

Troy offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Troy?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Troy. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Troy?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Troy. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Troy compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Troy. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Troy acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Troy, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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