2020 Office Space Rent & Sales
- $26.37 2020 Avg. Asking Rent
- 17.83 % 2020 Office Vacancy Rate
Bloomfield Hills office price per square foot in 2020 was $26.37 on average. The local office market recorded an average vacancy rate of 17.83 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Bloomfield Hills Class B Office Space$26.60
- Bloomfield Hills Class C Office Space$18.57
- Michigan Class A Office Space$25.50
- Michigan Class B Office Space$20.35
- Michigan Class C Office Space$17.64
Bloomfield Hills, MI Office Asking Rents by Class
2020 Office Construction in Bloomfield Hills, MI
- Bloomfield Hills, MI Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Bloomfield Hills office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Bloomwood Office Center||39577 Woodward Avenue, 48304||144,711||1994|
|Bloomfield Centre - South||39533 Woodward Avenue, 48304||137,356||1988|
|Governor's Place||33 Bloomfield Hills Pkwy, 48304||60,000||1987|
|Stoneridge Office Park - Stoneridge III||40900 Woodward Avenue, 48304||62,518||1986|
|Pinehurst Office Center||39400 Woodward Avenue, 48304||115,000||1985|
|Taubman Corporate Headquarters||200 East Long Lake Road, 48304||157,608||1984|
|Stoneridge Office Park - Stoneridge II||40950 Woodward Avenue, 48304||110,544||1984|
|Bloomfield Office Center - 38505 Woodward Avenue||38505 Woodward Avenue, 48304||90,300||1982|
|Stoneridge Office Park - Stoneridge I||41000 Woodward Avenue, 48304||155,707||1981|
|38500 Woodward Avenue||38500 Woodward Avenue, 48304||66,000||1981|
Worth noting among recent office completions on the Bloomfield Hills market is Bloomwood Office Center, which is currently the largest new office development in the city, at 144,711 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bloomfield Hills 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.