Highlights
- The average rent for office space in Bingham Farms is $20.01 per square foot, 13.22% higher compared to the previous year.
- The market’s vacancy rate stands at 29.61%, higher than the state average of Michigan, which is 22.02%.
2025 Office Space Rent & Sales
- $20.01 2025 Avg. Asking Rent
- 13.22% Y-o-Y Avg. Asking Rent Change
- 29.61% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Bingham Farms?
Average asking rents for office space here stand at $20.01 per square foot. The local office market recorded an average vacancy rate of 29.61% in 2025, unchanged from 29.61% in 2024.
Bingham Farms, 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.
What are the largest recent office completions in Bingham Farms?
The largest recent office completion here is Bingham Office Center at 522,346 square feet, completed in 1980. The next largest completions are Bingham Office Center and Bingham Office Park IV.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 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 |
| Bingham Office Park III | 30200 Telegraph Road, 48025 | 165,178 | 1983 |
| Bingham Office Park IV | 30300 Telegraph Road, 48025 | 172,034 | 1982 |
| Bingham Office Park V | 30150 Telegraph Road, 48025 | 172,034 | 1982 |
| Bingham Office Center | 30600 Telegraph Road, 48025 | 522,346 | 1980 |
| Bingham Office Center | 30600, 30700 & 30800 Telegraph Rd, 48025 | 522,000 | 1980 |
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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.