How does vacancy data effect my real estate decisions?

Commercial real estate sale values and lease rates are impacted by “supply and demand” much like other commodities. The vacancy data for a market can also have an effect on plans for new commercial development, options for small businesses to expand into larger office footprints and financial feasibility for entrepreneurs looking for small office space. Both the sale and leasing market can benefit from this knowledge.

For instance, the best reliable source for office and flex space vacancy rates in the Ann Arbor Area can be found in the annual Swisher Commercial Vacancy Report. The year-end reports include the breakdown of vacancy rates by sub-market, and charts the vacancy trends over the last 27 years. It provides the most precise insights into the Ann Arbor office and flex commercial real estate market. – Bart Wise, Associate Broker

CLICK HERE TO READ ANN ARBOR VACANCY REPORTS

Industrial Flex Space for Lease: 6109 Jackson, Ann Arbor

Located in the Jackson Road Industrial Park, this highly sought after flex space has 1,500 SF of storage/warehouse and 1,300 SF of office. Warehouse is wide open with mop sink area and has an overhead door. Office area has 4 private offices, reception area, and ADA accessible restroom.

For Lease: 2,793 sf, $11.00 psf (plus utilities)

Ample at the door surface parking.

Great location on Jackson Road between Zeeb and Baker Roads. Easy access to I-94 and M-14.

For more information, contact Jeff Evans at (734) 926-0222 or jeffevans@swishercommercial.com

Commercial Use or Development Opportunity for Sale: 5046-5050-5096 Michigan Avenue, Ypsilanti

Long-time local skilled-trades business owner is retiring and selling three (3) contiguous lots.

5046 W. Michigan Ave – Commercial building with a shop, small office and garage 2,818 sf;

5050 W. Michigan Ave – Neighboring (rental) house 1,279 sf

5096 W. Michigan Ave – Adjoining vacant lot.

Highly visible location on corner of W. Michigan Ave. and Morgan Rd. Michigan Ave. frontage is 551′ and Morgan Rd frontage is 466′. Properties are zoned Industrial and can be used for existing purpose, or developed for different use.

For Sale: 2,818 sf, 1.81 acres, $350,000

For more information, contact Tony Caprarese at (734) 904-3521 or tonyc@swishercommercial.com

Industrial Building w/ Fenced Yard for Lease: 850 Minion, Ypsilanti

Shop building with 3 overhead doors and ceilings from 9′ to 14′. Includes 3 restrooms: 2 in shop, 1 in office. Building is painted with new carpet in office. Includes nice, four room office with central A/C. Property includes a fenced, one acre+ storage yard. Great for fleet truck maintenance, landscaper, or any contractor base. Light Industrial Ypsilanti Township zoning. Building and yard must be leased in it’s entirety.

For Lease: 4,176 sf, $4,800 sf

Rent Breakdown: $3,600 building, $1,200 fenced 1.2 acre lot.

For more information, contact Charlie Koenn at (734) 926-0230 or ckoenn@swishercommercial.com or Dave Hamilton at (734) 662-3745 or daveh@swishercommercial.com

Industrial / Office / Flex Space for Sale: 7879 Jackson Road, Ann Arbor

Located in Scio Township, these units are highly visible with heavy traffic. They are located off Jackson Road between Baker and Parker Roads with easy access to I-94 and M-14 at the Baker Road interchange.

Opportunity to own a unique 10,733 SF, two unit, inline flex condominium.

Property is zoned I-1 (Limited Industrial) and has 14′ ceilings, upgraded power, two overhead doors, loading dock, outdoor patio area, large parking lot and lawn area perfect for outdoor events. Seller will be removing all business equipment (i.e. antique bar and pergola) unless negotiated otherwise.

Former winery and tasting room. Interior has two separate office areas in each unit, large open areas for shop or office use and five restrooms (one with a shower). Can be split into two units of 5,002 SF (Suite E) and 5,731 SF (Suite D).

For Sale: 10,733 sf, $950,000

For more information, contact Jeff Evans at (734) 926-0222 or jeffevans@swishercommercial.com