2024 Office Space Rent & Sales
- $17.96 2024 Avg. Asking Rent
- 2.43% Y-o-Y Avg. Asking Rent Change
- 14.38% 2024 Office Vacancy Rate
Dearborn office price per square foot in 2024 was $17.96 on average. This marked a +2.43% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.38% 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
Dearborn, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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2024 Office Construction in Dearborn, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| Kirkwood Professional Plaza | 5500 Auto Club Drive, 48126 | 144,108 | 1992 |
| Pelham Professional Building | 3601 Pelham St, 48124 | 15,000 | 1989 |
| Fairlane Plaza | 330 Town Center Drive, 48126 | 294,819 | 1987 |
| 4 & 6 Parklane Boulevard | 4 & 6 Parklane Boulevard, 48126 | 286,726 | 1985 |
| Parklane Towers | 1 & 3 Parklane Blvd, 48126 | 244,805 | 1973 |
| Dearborn Office Centre | 17501 Michigan Avenue, 48126 | 35,800 | 1972 |
| Former United Airlines HQ | 17501 Michigan Ave, 48126 | 35,800 | 1972 |
| Village Plaza | 23400 Michigan Avenue, 48124 | 285,468 | 1968 |
| 22720 Michigan Avenue | 22720 Michigan Avenue, 48124 | 28,148 | 1959 |
| Dearborn Medical Building | 22731 Newman Street, 48124 | 48,000 | 1894 |
Worth noting among recent office completions on the Dearborn market is Kirkwood Professional Plaza, which is currently the largest new office development in the city, at 144,108 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 Dearborn 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.