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Office Space for Rent in Detroit, MI - 108 Listings

Detroit, MI - Office Space for Lease

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Detroit, MI - Office Market Overview

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The Detroit Metropolitan Area includes the Bagley Commercial, Greenfield Commercial, and Middle East Central Commercial office submarkets. With a metropolitan population of over 1.7 million people, Detroit is famously nicknamed the 'Motor City'. While still home to auto manufacturing businesses, a large amount of the demand for Class A office space in Detroit is driven by the government, healthcare, and high-technology industry sectors.

As of mid-2017, the Greater Detroit office market encompasses over 25.5 million square feet of existing office space in properties larger than 50,000 square feet. Detroit is home to numerous Fortune 500 and other large company headquarters that propel the consistent demand for commercial real estate in Detroit.

Detroit, MI - Office Inventory Description

While auto manufacturing still makes a significant contribution to the economy of Detroit, today's white-collar office employers such as the government, high technology, and large corporate offices increasingly drive the demand for office space in Detroit. With a gross metropolitan product of over $81 billion annually, the need for office space in Detroit is consistently strong year after year.

Some of the most robust demand for Class A office space in Detroit comes from the Central Business District office market. Located along the Detroit River just west of I-375, this area is home to portfolio-grade office buildings such as the Cadillac Tower, the Fort Washington Plaza, and the historic Guardian Building on 500 Griswold Street.

Detroit, MI Commercial Inventory Breakdown

Office Spaces

Total: 29,591,112 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 2,288,055 SF / 7.73% of total office
  • 100k to 500k SF: 13,442,222 SF / 45.43% of total office
  • 500k to 1M SF: 12,462,835 SF / 42.12% of total office
  • > 1M SF: 1,398,000 SF / 4.72% of total office

By class:

  • Class A: 12,465,039 SF / 42.12% of total office
  • Class B: 14,681,996 SF / 49.62% of total office
  • Class C: 723,077 SF / 2.44% of total office

Top 10 Largest Office Buildings

in Detroit

Office building Address Sqft Year built
Cadillac Place 3044 West Grand Blvd, 48202 1,398,000 1923
Penobscot Building 645 Griswold Street, 48226 996,000 1928
One Campus Martius 1 Campus Martius, 48226 985,098 2003
Ally Detroit Center 500 Woodward Avenue, 48226 979,489 1991
First National Building 660 Woodward Avenue, 48226 850,420 1928
Monroe Block - Office Tower NEC Cadillac Square & Woodward Avenue, 48226 818,000 n/a
Detroit Tower Service Center 600 East Lafayette Street, 48226 758,000 1971
The Guardian Building 500 Griswold Street, 48226 653,379 1929
Fisher Building 3011 West Grand Blvd, 48202 634,819 1928
GM Renaissance Center - Tower 100 100 Renaissance Center, 48226 622,275 1976

Most Recently-Built Office Buildings

in Detroit

Office building Address Sqft Year built
Beaumont Hospital - Beaumont Medical Building 16815 East Jefferson Avenue, 48230 61,607 2016
Tolan Park Medical Building 3901 Chrysler Service Drive, 48201 62,000 2013
11411 East Jefferson 11411 East Jefferson Avenue, 48214 55,966 2009
One Kennedy Square 777 Woodward Avenue, 48226 246,649 2006
1900 St. Antoine Street 1900 St. Antoine Street, 48226 101,841 2004
One Campus Martius 1 Campus Martius, 48226 985,098 2003
Detroit Lions Ford Field 2000 Brush Street, 48226 331,034 2002
One Dauch Drive 1 Dauch Drive, 48211 219,846 2002
1801 East Canfield Street 1801 East Canfield Street, 48207 52,500 1998
Orchestra Place 3663 Woodward Avenue, 48201 168,810 1997

Detroit, MI - Green Office Space

Employment

Both tenants and office building investors in Detroit understand the economic benefits of Class A green office space. An excellent example of a LEED certified office building in Detroit is the U.S. Government's Citizenship and Immigration Services building on 11411 East Jefferson Avenue. This nearly 56,000 square foot Class A office building is located in the Foch commercial real estate market, was constructed in 2009 and holds a LEED Gold certification.

The most recent National Green Building Adoption Index survey ranks Detroit 29th among the top 30 large office markets in the U.S. for adoption of green office building standards. While not quite 1% of the office buildings in Detroit that are larger than 50,000 square feet are LEED-certified, over 4% are EPA Energy Star-rated, and nearly 5% are rated as green buildings.

The Index also found that over the past 12 years, the percentage of large energy-efficient, green office buildings across the top 30 markets has increased from less than 5% to about 38% by mid-year 2017.

Detroit, MI's Top Office-Using Sectors

The demand for Class A, white-collar office space and Detroit commercial real estate is driven by a strong mix of business and industry. Some of the top office-using sectors in Detroit include the government & healthcare, technology firms, auto manufacturing companies, and Fortune 500 and other large corporate office users.

  • Government & Healthcare – Some of the largest employers and users of white-collar office space in Detroit include the Detroit Medical Center, the City of Detroit, the U.S. Government, and the Henry Ford Health System.
  • Technology – White-collar office employment in Detroit is created by companies such as Quicken Loans, DTE Energy, Compuware, and HP Enterprise.
  • Auto Manufacturing – General Motors, American Axle, Chrysler, and Detroit Diesel all help to drive the commercial real estate market in Detroit.
  • Corporate Office – Ally Financial, Shinola, Little Caesars, Rossetti Architects, and Lowe Campbell Ewald generate demand for Class A office space in Detroit.

Detroit Demographics

Population

  • Total Population690,074
  • Male Population(47.3 %) 326,569
  • Female Population(52.7 %) 363,505
  • Median Age35.20

Income/Financial

  • Average Household Income$37,570
  • Median Household Income$25,764
  • Median Income Under 25$12,270
  • Median Income 25-44$23,603
  • Median Income 45-64$28,971
  • Median Income Over 65$27,031

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