431 Stephenson Hwy — Lease in Troy, MI

  • Price: $2.3M
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Troy, MI 48083
  • Submarket: Oakland Southeast

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431 Stephenson Hwy — Lease in Troy, MI, photo 1 of 1

Description

22,752 Square Feet Available

Market Context

This industrial in Troy, MI is listed for lease at $2,300,000. Compare it against other industrial listings for lease in Troy, MI — view the full market.

As of Q2 2026, the Detroit industrial market showed a 4.3% vacancy rate, and average asking rents near $7.42/SF/yr. Source: multiple brokerage reports, Q2 2026.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

Is the Detroit industrial market tightening or softening?
Vacancy is around 4.3% (Q2 2026).

Estimated Market Rate

$0.56/SF/mo – $0.76/SF/mo

Mid: $0.66/SF/mo

By our match to nearby addresses in brokers' reports, this property is in the Oakland Southeast submarket, where average asking rent was $9.18/SF/yr in Cushman & Wakefield's Q2 2026 report.

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