Michigan Retail

Michigan

Office Space Market Report

Number of Listings (last 90 days)
2,808
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,320
As of: February 27, 2017

Michigan Rates

On average, listings lease in the $20's per square foot per year. The Michigan region is going through a a rise in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% rise in rent.

Michigan Listing Supply

In the last 90 days, 2789 listings have been made available, 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 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 2,370 sqft. Most buildings in this market are around 1 stories. Most buildings in this market 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