2022 Office Space Rent & Sales
- $17.10 2022 Avg. Asking Rent
- 20.24% 2022 Office Vacancy Rate
- $8.8M2022 Total Office Sales
- $39.83Avg. Sale Price/SF
Livonia office price per square foot in 2022 was $17.10 on average. The local office market recorded an average vacancy rate of 20.24% across all asset classes combined. The 3 transactions that closed here throughout 2022 amounted to a total sale volume of $8.8M. Livonia office space commanded an average sale price per square foot of $39.83.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Livonia Class B Office Space$16.81
- Livonia Class C Office Space$17.85
- Michigan Class A & A+ Office Space$23.64
- Michigan Class B Office Space$21.53
- Michigan Class C Office Space$18.62
Livonia, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
- Detroit Office Space
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Livonia Office Sale Price per SF
- $39.832022 Avg. Price per SF
- $8.8M2022 Office Sales Volume
- 32022 Number of Transactions
Livonia, MI Sale Price per SF Trend
- Livonia Avg. Sale Price per SF in 2022$39.83
- Michigan Avg. Sale Price per SF in 2022$113.71
2022 Office Sales Volume
- Livonia, MI Total Office Sales Volume in 2022 $8.8M
- Livonia, MI Total Number of Office Sales Closed in 2022 3
Largest Livonia Office Sales in 2022
| Property name | Address | Date | Price |
|---|---|---|---|
| Livonia Commons Office Center, The | 38935 Ann Arbor Road | 8/23/2022 | $3,600,000 |
| 31100 Plymouth Road | 31100 Plymouth Road | 5/9/2022 | $3,300,000 |
| Westwood Office Park | 36121 Schoolcraft Road | 10/11/2022 | $1,875,000 |
Coworking Spaces in Michigan
- New York City Coworking Space
- Manhattan Coworking Space
- Chicago Coworking Space
- Brooklyn Coworking Space
- Hudson Valley Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Indianapolis Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Detroit Coworking Space
- Queens Coworking Space
- Milwaukee Coworking Space
- Carmel Coworking Space
- Cleveland Coworking Space
- Troy Coworking Space
- Grand Rapids Coworking Space
- Dublin Coworking Space
- Ann Arbor Coworking Space
- Naperville Coworking Space
- Lansing Coworking Space
- Madison Coworking Space
- Birmingham Coworking Space
- Royal Oak Coworking Space
- Southfield Coworking Space
- Rochester Coworking Space
2022 Office Construction in Livonia, MI
- Livonia, MI Total SF completed in 2022 126,079
During 2022, 126,079 square feet of new office space were delivered across the market. At the close of 2022, the Livonia office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 126,079 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Livonia Corporate Center - Building 2 | 28201 Schoolcraft Road, 48150 | 738,000 | 2018 |
| 19499 Victor Pkwy | 19499 Victor Pkwy, 48152 | 39,730 | 2009 |
| 17430 & 17440 College Pkwy | 17440 College Pkwy, 48152 | 119,742 | 2007 |
| Livonia Corporate Center - Building 3 | 28301 Schoolcraft Road, 48150 | 763,000 | 2001 |
| 20255 Victor Parkway | 20255 Victor Parkway, 48152 | 167,097 | 1999 |
| Laurel Pointe Offices | 37699 6 Mile Road, 48152 | 20,000 | 1999 |
| Pembroke Center | 37651-37695 Pembroke Ave, 48152 | 19,968 | 1998 |
| James Towne Office Center | 37701-37785 Pembroke Ave, 48152 | 30,000 | 1996 |
| Victor V | 19500 Victor Pkwy, 48152 | 111,347 | 1991 |
| Seven Mile Crossing II | 38701 7 Mile Road, 48152 | 133,700 | 1990 |
Worth noting among recent office completions on the Livonia market is Livonia Corporate Center - Building 2, which is currently the largest new office development in the city, at 738,000 square feet.
See reports for other markets
- Detroit Office Rent Price
- Ann Arbor Office Rent Price
- Southfield Office Rent Price
- Troy Office Rent Price
- Grand Rapids Office Rent Price
- Lansing Office Rent Price
- Farmington Hills Office Rent Price
- Novi Office Rent Price
- Dearborn Office Rent Price
- Auburn Hills Office Rent Price
- Sterling Heights Office Rent Price
- West Bloomfield Office Rent Price
- San Diego Office Rent Price
- Chicago Office Rent Price
- Houston Office Rent Price
- Miami Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Livonia 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.