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364 Commercial Real Estate Listings in Ann Arbor, MI

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Ann Arbor, MI Commercial Real Estate

There are currently 362 commercial listings available in Ann Arbor, MI. These listings include 324 commercial spaces that encompass a total of 2,866,840 square feet. Available commercial spaces in Ann Arbor, MI range in size from 140 square feet to 183,000 square feet. A total of 124 off-market commercial properties located in Ann Arbor, MI are also available for research.

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Ann Arbor, MI Commercial Inventory Breakdown

In 2022 the Ann Arbor, MI commercial real estate market totaled 8,222,395 square feet of office spaces, 2,827,429 square feet of office spaces with retail, and 2,598,901 square feet of industrial space.

Office Spaces

Total: 8,222,395 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,928,300 SqFt 35.61% of total office
100k to 500k SqFt 4,354,321 SqFt 52.96% of total office
500k to 1M SqFt 939,774 SqFt 11.43% of total office
By class:
Class A 2,194,848 SqFt 26.69% of total office
Class B 4,594,123 SqFt 55.87% of total office
Class C 852,149 SqFt 10.36% of total office
Roughly 11.43% of the total office space in Ann Arbor, MI is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 35.61% of the office inventory.

Class A office space holds a 26.69% share of the overall Ann Arbor, MI office market, while Class B office assets make up approximately 55.87%.

Industrial

Total: 2,598,901 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 358,346 SqFt 13.79% of total industrial
100k to 500k SqFt 2,240,555 SqFt 86.21% of total industrial
By class:
Class A 492,391 SqFt 18.95% of total industrial
Class B 1,990,218 SqFt 76.58% of total industrial
Class C 116,292 SqFt 4.47% of total industrial
There are 2,240,555 square feet of commercial real estate properties between 100k to 500k square feet, representing 86.21% of the Ann Arbor, MI industrial inventory. Class A assets total 492,391 square feet of industrial space, with an additional 1,990,218 square feet of Class B and 116,292 square feet of Class C properties.

Office Spaces with Retail

Total: 2,827,429 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 581,570 SqFt 20.57% of total office with retail
100k to 500k SqFt 2,245,859 SqFt 79.43% of total office with retail

Ann Arbor, MI Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Ann Arbor, MI Office 146 1,977,680
Ann Arbor, MI Retail 54 339,145
Ann Arbor, MI Industrial 20 481,003
Ann Arbor, MI Other 244 2,869,270
Ofice Icon

146

Office

Industrial Icon

20

Industrial

Retail Icon

54

Retail

Current local active listing encompass 5,667,098 square feet of commercial space for lease in Ann Arbor. There are 146 active office listings, which amount to 1,977,680 square feet and account for 31% of commercial spaces on the market. Local retail availability includes 339,145 square feet across 54 listings. Current industrial offerings on the market amount to 481,003 square feet across a total of 20.

Employment in Ann Arbor, MI

Employed Population 63,117

Employed population - Industry % Distribution

Management, business, science, and arts occupations

66%

Sales and office occupations

14%

Service occupations

13%

Production, transportation, and material moving occupations

6%

Natural resources, construction, and maintenance occupations

2%

In 2020, roughly 66% of a total of 63,117 employed in Ann Arbor worked in Management, business, science, and arts occupations, followed by 14% in Sales and office occupations and 13% in Service occupations.

Income per capita $44,915  Median household income $72,137

Household income

34%

Under $50k

29%

$50k - $100k

23%

$100k - $200k

14%

Over $200k

The median household income in Ann Arbor stands at $72,137, with per capita income at $44,915. Households earning between $50k and $100k represent 29% of the total, while those earning over $200k make up 14%. Approximately 34% of Ann Arbor households earn less than $50k per year.

Commuting in Ann Arbor, MI

Mean travel time to work 20 minutes

Means of transportation to work

59.00%

Driving alone

5.90%

Carpool

9.60%

Public transit

3.50%

Bicycle

13.20%

Walking

0.20%

Other

8.50%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Ann Arbor in 2020 was 20 minutes. Around 59.00% of workers commute by Driving alone, 13.20% Walking and 9.60% by Public transit.

Education in Ann Arbor, MI

High school grad or higher 98%

Bachelor's degree or higher 76%

Population by minimum level of education

2%

No degree

7%

High school

15%

Some College

30%

Bachelor's

46%

Post-grad

*Universe: Workers 25 and over

An estimated 98% of Ann Arbor residents aged 25 or over hold a high school degree or higher. Of those, 7% are high school graduates, 15% attended some college, 30% earned a bachelor's degree, with an additional 46% holding post-graduate degrees.

Ann Arbor, MI Demographics

As of 2020, Ann Arbor had a total population of 119,976, with a median age of 27.60 years. Roughly 77.50% of the total population was between the ages of 16 and 64 years old.