Troy, Michigan Commercial Real Estate 0 Listings

Troy, Michigan: A Premier Destination for Commercial Real Estate

Introduction

Troy, Michigan, is a dynamic hub for commercial real estate, renowned for its robust economy and strategic location in the heart of Metro Detroit. As a thriving city with a population of approximately 85,000, Troy excels in various industries, including automotive, technology, and finance, which drive strong demand for diverse commercial property types. Its unique position as a business-friendly city, coupled with a highly educated workforce, makes Troy an attractive destination for commercial real estate investment.

Economic and Industry Overview

Troy's economy is bolstered by major industries such as automotive, technology, and financial services. The city is home to numerous automotive headquarters and research centers, contributing to the demand for office and industrial spaces. Additionally, the technology sector is growing, with an increasing need for office and innovation district spaces to accommodate tech startups and established firms.

The Michigan Economic Development Corporation plays a vital role in fostering economic growth in Troy through initiatives that support business expansion and innovation.

Strategic Location and Transportation Infrastructure

Troy's strategic location offers excellent connectivity through a network of major highways, including I-75, which provides direct access to the greater Detroit area and beyond. The city's proximity to the Detroit Metropolitan Airport ensures efficient air travel, while nearby rail lines and ports facilitate seamless logistics and distribution.

The Michigan Department of Transportation provides detailed insights into the city's transportation infrastructure, emphasizing Troy's logistical advantages for businesses seeking optimal access to labor pools and regional markets.

Commercial Real Estate Inventory & Zoning

Troy boasts diverse CRE submarkets, including a thriving central business district (CBD) with a mix of office, retail, and multifamily properties. The city also features industrial corridors that cater to manufacturing and logistics businesses.

Key asset classes in Troy include: - Office spaces, particularly in the CBD - Industrial properties in the northern and eastern industrial zones - Retail centers throughout the city - Medical and healthcare facilities

Troy's zoning maps and parcel viewers provide detailed information on zoning changes and development incentives, offering opportunities for developers.

Major Employers and Institutions

Troy hosts several top employers and institutions that drive CRE demand, including: - Magna International - a leading automotive supplier - Flagstar Bank - a major financial institution - Altair Engineering - a technology and engineering firm

These organizations, alongside local government centers, contribute to the city's economic vitality. For more information, visit the Troy Chamber of Commerce.

Notable Commercial Developments & Projects

Troy is witnessing significant commercial developments, such as: - Mixed-use projects in the CBD - The development of innovation parks aimed at fostering tech startups - Public-private partnerships enhancing infrastructure and amenities

The city's planning department provides comprehensive planning documents and site maps for ongoing and upcoming projects.

Building Permits, Planning, and Development Tools

Key resources for CRE professionals include: - City of Troy Building and Safety Department - Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code (PDF)

Market Data & Economic Reports

Public data sets and economic reports are available through census.gov and Troy's open data portal. These resources, combined with Brevitas' AI-powered aggregation, offer valuable insights into the city's CRE landscape. Explore our Brevitas-powered dashboards for more detailed information.

Why Use Brevitas for Troy, Michigan CRE?

Brevitas provides cutting-edge solutions for CRE discovery in Troy, Michigan, offering: - AI-driven property search and real-time market alerts - Smart property pages with comprehensive data - Dealroom collaboration for seamless transactions - Auto-generated listing pages for efficient property marketing - Integration with brokers and developers for enhanced networking - Exclusive listings and premium exposure for your properties