2024 Office Space Rent & Sales
- $17.53 2024 Avg. Asking Rent
- 8.22% 2024 Office Vacancy Rate
Kalamazoo office price per square foot in 2024 was $17.53 on average. The local office market recorded an average vacancy rate of 8.22% 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
Kalamazoo, MI Office Asking Rents by Class
2024 Office Vacancy Rates in Kalamazoo
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Portage | $32.70 | 30.43% |
| Kalamazoo | $17.15 | 13.26% |
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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2024 Office Construction in Kalamazoo, MI
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Exchange | 151 SW Michigan Avenue, 49002 | 345,000 | 2019 |
| 4664 Campus Drive | 4664 Campus Drive, 49008 | 150,000 | 2003 |
| Arcadia North | 245 North Rose Street, 49007 | 55,555 | 1992 |
| 5401 Portage Rd | 5401 Portage Rd, 49002 | 33,863 | 1991 |
| 383 South Pitcher Street | 383 South Pitcher Street, 49007 | 26,388 | 1946 |
| 301 W Cedar St | 301 W Cedar St, 49007 | 4,548 | 1936 |
| United Building | 242 East Kalamazoo Avenue, 49007 | 25,380 | 1935 |
| 125 South Kalamazoo Mall | 125 South Kalamazoo Mall, 49007 | 172,000 | 1900 |
| The Globe Building | 211 East Water Street, 49007 | 50,042 | 1899 |
Worth noting among recent office completions on the Kalamazoo market is The Exchange, which is currently the largest new office development in the city, at 345,000 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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Kalamazoo 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.