Ann Arbor Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Ann Arbor is $23.45 per square foot, 2.72% higher compared to the previous year.
  • The average sale price for office space in Ann Arbor is $114.04 per square foot, marking an increase of 22.06% compared to 2024.
  • The market’s vacancy rate stands at 21.09%, lower than the state average of Michigan, which is 22.02%.

2025 Office Space Rent & Sales

  • $23.45 2025 Avg. Asking Rent
  • 2.72% Y-o-Y Avg. Asking Rent Change
  • 21.09% 2025 Office Vacancy Rate
  • $15.6M2025 Total Office Sales
  • $114.04Avg. Sale Price/SF

What is the average asking rent price for office space in Ann Arbor?

Average asking rents for office space here stand at $23.45 per square foot. The local office market recorded an average vacancy rate of 21.09% in 2025, unchanged from 21.09% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $15.6M across 4 sales. These transactions commanded an average sale price per square foot of $114.04.

Ann Arbor, MI Office Asking Rents by Class

What is the average office rent per square foot by property class in MI?

  • Avg. Asking Rent Class A & A+$22.82
  • Avg. Asking Rent Class B$21.47
  • Avg. Asking Rent Class C$15.43

For comparison, the average rent for Class A and A+ office space in Michigan was $22.82 per square foot. The state-wide average for Class B space was $21.47 per square foot, and Class C office spaces averaged $15.43 per square foot.

Explore Top Office Markets in Michigan

2025 Office Sales Volume

  • $114.042025 Avg. Price per SF
  • 22.06%Y-o-Y Avg. PpSF Change
  • $15.6M2025 Office Sales Volume
  • 42025 Number of Transactions

What is the average sale price per square foot for office space in Ann Arbor?

Average sale prices for office space in this market recorded a +22.06% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $114.04 per square foot. For comparison, the statewide Michigan average during the same time period stood at $113.58 per square foot, while the national average was $182.48 per square foot.

Ann Arbor, MI Sale Price per SF Trend

  • Ann Arbor Avg. Sale Price per SF in 2025$114.04
  • Michigan Avg. Sale Price per SF in 2025$113.58

What was the total office sales volume in Ann Arbor in 2025?

The local office market recorded 4 deals in 2025, adding up to a yearly sales volume of $15.6M.

  • Ann Arbor, MI Total Office Sales Volume in 2025 $15.6M
  • Ann Arbor, MI Total Number of Office Sales Closed in 2025 4
Data provided by Yardi Research

Office Construction in Ann Arbor, MI

What are the largest recent office completions in Ann Arbor?

The largest recent office completion here is Flex / Office for Lease in Ann Arbor at 88,657 square feet, completed in 2000. The next largest completions are Forest Cove and Office Suites For Lease - Briarwood Area / Ann Arbor.

Office building Address SF Completed
Fully Equipped Data Center for Sale - Ann Arbor 6163 Jackson, 48103 900 2012
Former McDonalds Building 3752 South State Street, 48108 4,485 2009
Huron Valley Office Center 2395 Oak Valley Dr, 48103 22,494 2006
355 S. Zeeb Rd. 355 S. Zeeb Rd., 48103 11,934 2006
Concourse Office Center - Office Suites for Lease - Ann Arbor / Pittsfield Twp 4343 Concourse, 48108 37,000 2004
Office Suites For Lease - Briarwood Area / Ann Arbor 3005 Boardwalk, 48108 45,000 2002
The Ponds Office Center North 3767 Ranchero Dr, 48108 29,497 2001
The Ponds Office Center North 3767 Ranchero Dr, 48108 29,497 2001
Flex / Office for Lease in Ann Arbor 5430 Data Ct, 48108 88,657 2000
Forest Cove 3001-3061 Miller Rd., 48103 82,000 2000
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.