Troy is a established-tier Class A submarket of Detroit with average asking rent around $24/sqft/yr.
Premier suburban Class A submarket. · Tier: established · Avg rent: $24/sqft/yr
Troy is Detroit's deepest suburban Class A submarket — automotive HQs, financial services, and professional services along Big Beaver Road.
Automotive HQs, financial services, professional services, healthcare.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
SMART bus; car-dependent.
Multi-modal transit captures the metro's principal professional catchment.
Somerset Collection, Troy Civic Center.
Troy is one of 5 Class A submarkets we cover in Detroit, classified as established tier with an average asking rent around $24/sqft/yr. Compared with the broader Detroit Class A stock, Troy typically attracts Automotive HQs, financial services, professional services, healthcare and competes most directly with the city's other established submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Troy: Downtown, Midtown, Corktown / Michigan Central, Southfield. The full Detroit submarket atlas is at /cities/detroit.
For an institutional Class A occupier evaluating Troy, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Detroit Class A leasing and to the established tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.