Portage Office Market Trends

Office Rental Market

  • $18.78 2019 Avg. Asking Rent
  • 33.66 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Portage was $18.78 per square foot, and the office vacancy rate across the market averaged 33.66 %. During 2019, developers added 0 square feet of new office space to the Portage market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Portage Class B Office Buildings$18.82
  • Portage Class C Office Buildings$11.50
  • MI Class A Office Buildings$25.15
  • MI Class B Office Buildings$20.81
  • MI Class C Office Buildings$17.05

Portage, MI Office Asking Rents by Class

OFFICE CONSTRUCTION IN Portage, MI

  • Portage, MI Total Sqft completed in 2019 0
  • Portage, MI Total Sqft under construction in 2020 0
10 Largest Office Buildings in Portage
Building name Address Total Sqft Year built
1901 Romence Pkwy 1901 Romence Road Pkwy, 49002 396,750 1972
6901 Portage Road 6901 Portage Road, 49002 365,000 1989
950 Trade Centre Way 950 Trade Centre Way, 49002 109,006 2007
5564 Portage Road 5564 Portage Road, 49002 104,366 1989
650 Trade Centre 650 Trade Centre Way, 49002 100,627 2018
750 Trade Centre Way 750 Trade Centre Way, 49002 83,500 2005
Trestlebridge Office Center 5148 Lovers Lane, 49002 73,617 1986
6101 Newport Road 6101 Newport Road, 49002 73,502 1997
Borgess at Woodbridge Hills - North 7901 Angling Road, 49024 70,846 1995
Borgess at Woodbridge Hills - South 8001 Angling Road, 49024 60,329 1986
Largest Office Properties Recently Completed in Portage
Office building Address Sqft Completed
650 Trade Centre 650 Trade Centre Way, 49002 100,627 2018
950 Trade Centre Way 950 Trade Centre Way, 49002 109,006 2007
750 Trade Centre Way 750 Trade Centre Way, 49002 83,500 2005
Creekside Commons III 8175 Creekside Drive, 49024 36,000 2002
5528 Portage Road 5528 Portage Road, 49002 45,870 2001
Creekside Commons II 8075 Creekside Drive, 49024 40,000 2001
6101 Newport Road 6101 Newport Road, 49002 73,502 1997
Borgess at Woodbridge Hills - North 7901 Angling Road, 49024 70,846 1995
6901 Portage Road 6901 Portage Road, 49002 365,000 1989
5564 Portage Road 5564 Portage Road, 49002 104,366 1989
Data provided by Commercial Edge

Office Spaces for Rent in Michigan

See trends for nearby markets

The Portage office market contains an inventory of 1,596,032 square feet of office space, in 20 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Portage 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.