263 Executive Dr — Lease in Troy, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Troy, MI 48083
  • Size: 6,200 SF

Description

6,200 SF with 1,200 SF office., 1 grade door. Abundant amount of parking in front and rear of the property. Low NNN costs. Very close proximity to I-75 & I-696 freeways.

Market Context

This industrial in Troy, MI is listed for lease across 6,200 SF. It has been on the market for 54 days. Compare it against other industrial listings for lease in Troy, MI — view the full market.

As of Q1 2026, the Detroit industrial market showed average asking rents near $5.79/SF/yr, rents up 4.6% year over year, and cap rates around 6.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Detroit?
About 6.5% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$0.48/SF/mo – $0.64/SF/mo

Mid: $0.56/SF/mo

Estimated total for 6,200 SF: $3,472 per month

Rate estimator only; cost-of-business estimate unavailable.

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