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12,796 Commercial Real Estate Listings in Michigan

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Michigan Commercial Inventory Breakdown

In 2023 the Michigan commercial real estate market totaled 182,300,432 square feet of office spaces, 130,348,313 square feet of office spaces with retail, and 675,863,719 square feet of industrial space.

Office Spaces

Total: 182,300,432 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 41,290,666 SqFt 22.65% of total office
100k to 500k SqFt 96,312,726 SqFt 52.83% of total office
500k to 1M SqFt 26,744,186 SqFt 14.67% of total office
> 1M SqFt 17,952,854 SqFt 9.85% of total office
By class:
Class A+ 3,098,000 SqFt 1.7% of total office
Class A 66,246,553 SqFt 36.34% of total office
Class B 97,533,922 SqFt 53.5% of total office
Class C 8,844,340 SqFt 4.85% of total office
Roughly 14.67% of the total office space in Michigan is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 22.65% of the office inventory.

Class A office space holds a 36.34% share of the overall Michigan office market, while Class B office assets make up approximately 53.5%.

Industrial

Total: 675,863,719 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 97,158,951 SqFt 14.38% of total industrial
100k to 500k SqFt 317,370,845 SqFt 46.96% of total industrial
500k to 1M SqFt 83,307,649 SqFt 12.33% of total industrial
> 1M SqFt 178,026,274 SqFt 26.34% of total industrial
By class:
Class A 194,643,238 SqFt 28.8% of total industrial
Class B 417,319,917 SqFt 61.75% of total industrial
Class C 45,016,289 SqFt 6.66% of total industrial
There are 317,370,845 square feet of commercial real estate properties between 100k to 500k square feet, representing 46.96% of the Michigan industrial inventory. Class A assets total 194,643,238 square feet of industrial space, with an additional 417,319,917 square feet of Class B and 45,016,289 square feet of Class C properties.

Office Spaces with Retail

Total: 130,348,313 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 30,082,159 SqFt 23.08% of total office with retail
100k to 500k SqFt 88,752,507 SqFt 68.09% of total office with retail
500k to 1M SqFt 10,158,647 SqFt 7.79% of total office with retail
> 1M SqFt 1,355,000 SqFt 1.04% of total office with retail

Michigan Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Michigan Office 1,785 30,422,704
Michigan Retail 1,627 12,886,852
Michigan Industrial 899 35,605,320
Michigan Other 5,489 88,427,293
Ofice Icon

1,785

Office

Industrial Icon

899

Industrial

Retail Icon

1,627

Retail

Current local active listing encompass 167,342,169 square feet of commercial space for lease in . There are 1,785 active office listings, which amount to 30,422,704 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 12,886,852 square feet across 1627 listings. Current industrial offerings on the market amount to 35,605,320 square feet across a total of 899.
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