2024 Office Space Rent & Sales
- $17.67 2024 Avg. Asking Rent
- -0.56% Y-o-Y Avg. Asking Rent Change
- 36.60% 2024 Office Vacancy Rate
Bingham Farms office price per square foot in 2024 was $17.67 on average. This marked a -0.56% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 36.60% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Michigan Class A & A+ Office Space$23.20
- Michigan Class B Office Space$21.30
- Michigan Class C Office Space$15.30
Bingham Farms, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Jamestowne Executive Offices | 31100 Telegraph Road, 48025 | 59,389 | 1987 |
| 30850 Telegraph Rd | 30850 Telegraph Rd, 48025 | 21,043 | 1987 |
| Georgetowne Executive Offices | 31600 Telegraph Road, 48025 | 40,892 | 1985 |
| 32270 Telegraph Road | 32270 Telegraph Road, 48025 | 53,143 | 1984 |
| 31780 Telegraph Road | 31780 Telegraph Road, 48025 | 30,720 | 1984 |
| Bingham Office Park III | 30200 Telegraph Road, 48025 | 165,178 | 1983 |
| Bingham Office Park V | 30150 Telegraph Road, 48025 | 172,034 | 1982 |
| Bingham Office Park IV | 30300 Telegraph Road, 48025 | 172,034 | 1982 |
| Bingham Office Center | 30600, 30700 & 30800 Telegraph Rd, 48025 | 522,000 | 1980 |
| 30400 Telegraph Road | 30400 Telegraph Road, 48025 | 170,749 | 1975 |
Worth noting among recent office completions on the Bingham Farms market is Jamestowne Executive Offices, which is currently the largest new office development in the city, at 59,389 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bingham Farms 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.