Michigan Retail

Michigan

Office Space Market Report

Number of Listings (last 90 days)
1,979
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,390
As of: December 5, 2016

Michigan Rates

On average, listings lease in the $20's per square foot per year. The Michigan submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Michigan Listing Supply

In the last 90 days, 1886 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Michigan are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,430 sqft. Most properties in this area are approximately 1 floors. Most buildings in this area were built in 1967 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