2024 Office Space Rent & Sales
- $37.33 2024 Avg. Asking Rent
- 20.89% 2024 Office Vacancy Rate
Birmingham office price per square foot in 2024 was $37.33 on average. The local office market recorded an average vacancy rate of 20.89% 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
Birmingham, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
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| Office building | Address | SF | Completed |
|---|---|---|---|
| The Balmoral | 34901 Woodward Avenue, 48009 | 94,600 | 2015 |
| 325 Eton St S | 325 Eton St S, 48009 | 10,100 | 2005 |
| The Palladium of Birmingham | 250 North Old Woodward Avenue, 48009 | 143,160 | 2001 |
| 34100 Woodward Avenue | 34100 Woodward Avenue, 48009 | 73,000 | 1989 |
| 260 East Brown Street | 260 East Brown Street, 48009 | 87,890 | 1986 |
| 260 E Brown St | 260 E Brown St, 48009 | 87,890 | 1985 |
| The Aikens Building | 350 Old Woodward Ave, 48009 | 20,494 | 1985 |
| Water Tower Building | 35046 Woodward Ave, 48009 | 13,472 | 1984 |
| 400 West Maple Road | 400 West Maple Road, 48009 | 29,209 | 1981 |
| Birmingham Tower | 280 N. Old Woodward, 48009 | 85,831 | 1973 |
Worth noting among recent office completions on the Birmingham market is The Balmoral, which is currently the largest new office development in the city, at 94,600 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 Birmingham 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.