Highlights
- The average rent for office space in Kalamazoo is $16.99 per square foot, 3.07% lower compared to the previous year.
- The market’s vacancy rate stands at 12.83%, lower than the state average of Michigan, which is 22.02%.
2025 Office Space Rent & Sales
- $16.99 2025 Avg. Asking Rent
- -3.07% Y-o-Y Avg. Asking Rent Change
- 12.83% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Kalamazoo?
Average asking rents for office space here stand at $16.99 per square foot. The local office market recorded an average vacancy rate of 12.83% in 2025, unchanged from 12.83% in 2024.
Kalamazoo, MI Office Asking Rents by Class
What is the average office rent per square foot by property class in MI?
- Avg. Asking Rent Class A & A+$22.82
- Avg. Asking Rent Class B$21.47
- Avg. Asking Rent Class C$15.43
For comparison, the average rent for Class A and A+ office space in Michigan was $22.82 per square foot. The state-wide average for Class B space was $21.47 per square foot, and Class C office spaces averaged $15.43 per square foot.
Kalamazoo, MI Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Portage | $35.07 | 22.72% |
| Kalamazoo | $16.97 | 23.74% |
Office Construction in Kalamazoo, MI
What are the largest recent office completions in Kalamazoo?
The largest recent office completion here is The Exchange at 345,000 square feet, completed in 2019. The next largest completions are 4341 South Westnedge Avenue and Arcadia North.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Exchange | 151 SW Michigan Avenue, 49002 | 345,000 | 2019 |
| Weidenhammer Building | 4664 Campus Dr, 49008 | 15,000 | 2003 |
| Arcadia North | 245 North Rose Street, 49007 | 55,555 | 1992 |
| Medallion Mgmt Bldg. | 834 King Hwy, 49001 | 22,529 | 1989 |
| 4341 South Westnedge Avenue | 4341 South Westnedge Avenue, 49008 | 72,000 | 1984 |
| 126 E South St | 126 E South St, | 7,595 | 1978 |
| 4425 Manchester Road | 4433 Manchester Rd, 49001 | 19,232 | 1977 |
| 315 S Kalamazoo Mall & 126 E South Street | 315 S Kalamazoo Mall, 49007 | 24,169 | 1975 |
| ABA Building | 3234 S Westnedge Ave, 49008 | 11,244 | 1957 |
| 2918 Portage St | 2918 Portage St, 49001 | 5,215 | 1943 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.