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355 Commercial Real Estate Listings in Ann Arbor, MI

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Ann Arbor, MI Commercial Real Estate

There are currently 346 commercial listings available in Ann Arbor, MI. These listings include 310 commercial spaces that encompass a total of 2,168,532 square feet. Available commercial spaces in Ann Arbor, MI range in size from 166 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 2023 the Ann Arbor, MI commercial real estate market totaled 8,041,420 square feet of office spaces, 2,960,516 square feet of office spaces with retail, and 2,606,452 square feet of industrial space.

Office Spaces

Total: 8,041,420 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 2,850,000 SqFt 35.44% of total office
100k to 500k SqFt 4,251,646 SqFt 52.87% of total office
500k to 1M SqFt 939,774 SqFt 11.69% of total office
By class:
Class A 2,325,148 SqFt 28.91% of total office
Class B 4,594,123 SqFt 57.13% of total office
Class C 852,149 SqFt 10.6% of total office
Roughly 11.69% 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 35.44% of the office inventory.

Class A office space holds a 28.91% share of the overall Ann Arbor, MI office market, while Class B office assets make up approximately 57.13%.

Industrial

Total: 2,606,452 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 365,897 SqFt 14.04% of total industrial
100k to 500k SqFt 2,240,555 SqFt 85.96% of total industrial
By class:
Class A 499,942 SqFt 19.18% of total industrial
Class B 1,990,218 SqFt 76.36% of total industrial
Class C 116,292 SqFt 4.46% of total industrial
There are 2,240,555 square feet of commercial real estate properties between 100k to 500k square feet, representing 85.96% of the Ann Arbor, MI industrial inventory. Class A assets total 499,942 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: 2,960,516 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 581,570 SqFt 19.64% of total office with retail
100k to 500k SqFt 2,378,946 SqFt 80.36% 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 134 1,476,076
Ann Arbor, MI Retail 53 218,407
Ann Arbor, MI Industrial 19 513,822
Ann Arbor, MI Other 240 2,239,505
Ofice Icon

134

Office

Industrial Icon

19

Industrial

Retail Icon

53

Retail

Current local active listing encompass 4,447,810 square feet of commercial space for lease in Ann Arbor. There are 134 active office listings, which amount to 1,476,076 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 218,407 square feet across 53 listings. Current industrial offerings on the market amount to 513,822 square feet across a total of 19.

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 2021, 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 2021 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 2021, 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.