2022 Office Space Rent & Sales
- $25.02 2022 Avg. Asking Rent
- -2.63% Y-o-Y Avg. Asking Rent Change
- 22.34% 2022 Office Vacancy Rate
Ann Arbor office price per square foot in 2022 was $25.02 on average. This marked a -2.63% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.34% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Ann Arbor Class A & A+ Office Space$33.28
- Ann Arbor Class B Office Space$24.71
- Ann Arbor Class C Office Space$25.55
- Michigan Class A & A+ Office Space$23.64
- Michigan Class B Office Space$21.53
- Michigan Class C Office Space$18.62
Ann Arbor, MI Office Asking Rents by Class
Average office rent in Ann Arbor rested at $25.02 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Ann Arbor averaged $33.28 per square foot. Across all submarkets, class B office space recorded an average asking rent of $24.71 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $25.55 per square foot, on average. Comparably, statewide Michigan average office rents by class in 2022 were: $23.64 per square foot for class A office space; $21.53 per square foot for class B office space; $18.62 per square foot for class C office space.
Office Spaces for Rent in Michigan
- Detroit Office Space
- Ann Arbor Office Space
- Grand Rapids Office Space
- Southfield Office Space
- Lansing Office Space
- Troy Office Space
- Farmington Hills Office Space
- Novi Office Space
- Livonia Office Space
- Dearborn Office Space
- Flint Office Space
- Okemos Office Space
- Auburn Hills Office Space
- East Lansing Office Space
- Warren Office Space
Coworking Spaces in Michigan
- New York City Coworking Space
- Manhattan Coworking Space
- Chicago Coworking Space
- Brooklyn Coworking Space
- Hudson Valley Coworking Space
- Philadelphia Coworking Space
- Indianapolis Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Detroit Coworking Space
- Milwaukee Coworking Space
- Queens Coworking Space
- Cleveland Coworking Space
- Carmel Coworking Space
- Troy Coworking Space
- Grand Rapids Coworking Space
- Ann Arbor Coworking Space
- Dublin Coworking Space
- Naperville Coworking Space
- Lansing Coworking Space
- Madison Coworking Space
- Birmingham Coworking Space
- Royal Oak Coworking Space
- Southfield Coworking Space
- Rochester Coworking Space
2022 Office Construction in Ann Arbor, MI
- Ann Arbor, MI Total SF under construction in 2023 130,300
| Office building | Address | SF | Completed |
|---|---|---|---|
| 30 Parkland Plaza & 4261 Park Rd | 30 Parkland Plaza & 4261 Park Rd, 48103 | 30,343 | 2019 |
| 30 Parkland Plaza & 4261 Park Rd | 30 Parkland Plaza & 4261 Park Rd, 48103 | 30,343 | 2019 |
| New Construction Downtown Retail/Office Space For Lease | 1215 S. University, 48104 | 6,000 | 2017 |
| Concourse Office Center-37,000 SF | 4343 Concourse, 48108 | 75,000 | 2015 |
| Fully Equipped Data Center for Sale or Lease - Ann Arbor | 6163 Jackson Rd, 48103 | 900 | 2012 |
| Fully Equipped Data Center for Sale or Lease - Ann Arbor | 6163 Jackson Rd, 48103 | 900 | 2012 |
| The Gables Office Center | 1136 Oak Valley Dr, 48104 | 32,400 | 2008 |
| Earhart Corporate Center | 2211 Old Earhart Road, 48105 | 196,087 | 2006 |
| Huron Valley Office Center | 2395 Oak Valley Dr, 48103 | 22,494 | 2006 |
| The Preserve | 3754 Ranchero Dr, 48104 | 12,887 | 2005 |
Worth noting among recent office completions on the Ann Arbor market is 30 Parkland Plaza & 4261 Park Rd, which is currently the largest new office development in the city, at 30,343 square feet.
See reports for other markets
- Detroit Office Rent Price
- Southfield Office Rent Price
- Troy Office Rent Price
- Grand Rapids Office Rent Price
- Lansing Office Rent Price
- Farmington Hills Office Rent Price
- Toledo Office Rent Price
- Novi Office Rent Price
- Livonia Office Rent Price
- Dearborn Office Rent Price
- Auburn Hills Office Rent Price
- East Lansing Office Rent Price
- Sterling Heights Office Rent Price
- Brighton Office Rent Price
- Seattle Office Rent Price
- San Antonio Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Ann Arbor commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.