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
Coworking Spaces in Michigan
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2024 Office Construction in Dearborn, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| HNH Law Office Centre | 23756 Michigan Ave, 48124 | 13,422 | 2002 |
| 4 & 6 Parklane Boulevard | 4 & 6 Parklane Boulevard, 48126 | 286,726 | 1985 |
| Office Park West | 5225 Auto Club Dr, 48126 | 65,737 | 1983 |
| For Sale or Lease | Medical Office Building | 5141 Oakman Blvd, 48126 | 5,613 | 1979 |
| Parklane Towers | 1 & 3 Parklane Blvd, 48126 | 244,805 | 1973 |
| Dearborn Office Centre | 17501 Michigan Avenue, 48126 | 35,800 | 1972 |
| Village Plaza | 23400 Michigan Avenue, 48124 | 285,468 | 1968 |
Worth noting among recent office completions on the Dearborn market is HNH Law Office Centre, which is currently the largest new office development in the city, at 13,422 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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.