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12,990 Commercial Real Estate Listings in Michigan

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Michigan Commercial Inventory Breakdown

In 2023 the Michigan commercial real estate market totaled 182,326,942 square feet of office spaces, 132,713,879 square feet of office spaces with retail, and 675,836,943 square feet of industrial space.

Office Spaces

Total: 182,326,942 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 41,417,176 SqFt 22.72% of total office
100k to 500k SqFt 96,212,726 SqFt 52.77% 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 Total square feet Share of total
Class A+ 3,098,000 SqFt 1.7% of total office
Class A 66,246,553 SqFt 36.33% of total office
Class B 97,522,198 SqFt 53.49% of total office
Class C 8,928,276 SqFt 4.9% 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 22.72% of the office inventory.

Class A office space holds a 36.33% share of the overall Michigan office market, while Class B office assets make up approximately 53.49%.

Industrial

Total: 675,836,943 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 97,379,575 SqFt 14.41% of total industrial
100k to 500k SqFt 316,192,345 SqFt 46.79% of total industrial
500k to 1M SqFt 82,807,649 SqFt 12.25% of total industrial
> 1M SqFt 179,457,374 SqFt 26.55% of total industrial
By class:
Class Total square feet Share of total
Class A 195,025,159 SqFt 28.86% of total industrial
Class B 417,371,793 SqFt 61.76% of total industrial
Class C 45,197,687 SqFt 6.69% of total industrial
There are 316,192,345 square feet of commercial real estate properties between 100k to 500k square feet, representing 46.79% of the Michigan industrial inventory. Class A assets total 195,025,159 square feet of industrial space, with an additional 417,371,793 square feet of Class B and 45,197,687 square feet of Class C properties.

Office Spaces with Retail

Total: 132,713,879 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
Range Total square feet Share of total
50k to 100k SqFt 30,602,799 SqFt 23.06% of total office with retail
100k to 500k SqFt 89,628,468 SqFt 67.54% of total office with retail
500k to 1M SqFt 10,083,145 SqFt 7.6% of total office with retail
> 1M SqFt 2,399,467 SqFt 1.81% of total office with retail

Michigan Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Michigan Office 1,869 31,504,301
Michigan Retail 1,771 15,268,170
Michigan Industrial 904 32,729,825
Michigan Other 5,830 89,226,901
Ofice Icon

1,869

Office

Industrial Icon

904

Industrial

Retail Icon

1,771

Retail

Current local active listing encompass 168,729,197 square feet of commercial space for lease in . There are 1,869 active office listings, which amount to 31,504,301 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 15,268,170 square feet across 1771 listings. Current industrial offerings on the market amount to 32,729,825 square feet across a total of 904.
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