2024 Office Space Rent & Sales
- $21.07 2024 Avg. Asking Rent
- -3.73% Y-o-Y Avg. Asking Rent Change
- 26.60% 2024 Office Vacancy Rate
Farmington Hills office price per square foot in 2024 was $21.07 on average. This marked a -3.73% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 26.60% 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
Farmington Hills, MI Office Asking Rents by Class
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2024 Office Construction in Farmington Hills, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| 35555 W 12 Mile Road | 35555 12 Mile Rd W, 48331 | 200,000 | 2021 |
| Orchards Executive Park | 22670 Haggerty Road, 48335 | 72,680 | 2002 |
| 22750 Middlebelt Road | 22750 Middlebelt Road, 48334 | 347 | 2002 |
| Gentherm World Headquarters | 21680 Haggerty Road, 48167 | 93,000 | 2001 |
| Gentherm World Headquarters | 21680 Haggerty Road, 48167 | 93,000 | 2001 |
| Fairways Office Center | 28470 West 13 Mile Road, 48334 | 35,426 | 2001 |
| Brookfield Center | 38275 W 12 Mile Rd, 48331 | 35,365 | 2001 |
| Tritium Building | 28300 Orchard Lake Road, 48334 | 37,500 | 1999 |
| Country Club Office Centre | 39395 West 12 Mile Road, 48331 | 44,033 | 1997 |
| Reddy Office Center | 36520 - 36528 Grand River Ave, 48335 | 6,020 | 1995 |
Worth noting among recent office completions on the Farmington Hills market is 35555 W 12 Mile Road, which is currently the largest new office development in the city, at 200,000 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 Farmington 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 Yardi Research Data can guarantee that the information provided is complete.