Michigan Office Space

Michigan

Office Space Market Report

Number of Listings (last 90 days)
2,702
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,460
As of: May 21, 2017

Michigan Rates

On average, listings lease in the $20's per square foot per year. The Michigan region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.

Michigan Listing Supply

In the last 90 days, 2702 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the available space in the Michigan are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,460 sqft. Most properties in this region are close to 1 stories. Most buildings in this region were built in 1968 and are Class B.

Michigan Community

Market Report

Trends and status of the commercial real estate market in Michigan.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Michigan.
Research