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Ann Arbor Office Rent Price & Sales Report

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
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  • Troy Office Space
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  • Novi Office Space
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  • 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
Largest Office Properties Recently Completed in Ann Arbor
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.

Data provided by Commercial Edge

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.

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