Troy (established, ~$24/sqft/yr) is one of 5 Detroit Class A submarkets we track.

  • Troy sits at established tier.
  • Average rent $24/sqft/yr vs city average 26.
  • Compared submarkets: Downtown (trophy), Midtown (prime), Corktown / Michigan Central (prime).

Troy vs other Detroit submarkets

Troy (established, ~$24/sqft/yr) is one of 5 Detroit Class A submarkets we track.

TL;DR

  • Troy sits at established tier.
  • Average rent $24/sqft/yr vs city average 26.
  • Compared submarkets: Downtown (trophy), Midtown (prime), Corktown / Michigan Central (prime).

Side-by-side with peers

**Downtown** (trophy, $32/sqft/yr) — Bedrock-led trophy redevelopment core. **Midtown** (prime, $28/sqft/yr) — Healthcare and university corridor. **Corktown / Michigan Central** (prime, $30/sqft/yr) — Ford's mobility innovation district. **Southfield** (established, $22/sqft/yr) — Legacy suburban Class A spine.

Key facts

cityDetroit
submarketTroy
tierestablished
averageRentLocal$24/sqft/yr
cityClassARentUsd$26/sqft/yr
cityVacancyPct22.6%

Frequently asked questions

What other submarkets compete with Troy in Detroit?
Downtown, Midtown, Corktown / Michigan Central

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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