2024 Office Space Rent & Sales
- $22.83 2024 Avg. Asking Rent
- 18.16% 2024 Office Vacancy Rate
Ann Arbor office price per square foot in 2024 was $22.83 on average. The local office market recorded an average vacancy rate of 18.16% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Ann Arbor Class A & A+ Office Space$29.77
- Ann Arbor Class B Office Space$22.40
- Ann Arbor Class C Office Space$16.93
- Michigan Class A & A+ Office Space$23.20
- Michigan Class B Office Space$21.30
- Michigan Class C Office Space$15.30
Ann Arbor, MI Office Asking Rents by Class
Average office rent in Ann Arbor rested at $22.83 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Ann Arbor averaged $29.77 per square foot. Across all submarkets, class B office space recorded an average asking rent of $22.40 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.93 per square foot, on average. Comparably, statewide Michigan average office rents by class in 2024 were: $23.20 per square foot for class A office space; $21.30 per square foot for class B office space; $15.30 per square foot for class C office space.
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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2024 Office Construction in Ann Arbor, MI
- Ann Arbor, MI Total SF completed in 2024 130,000
During 2024, 130,000 square feet of new office space were delivered across the market. At the close of 2024, the Ann Arbor office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 130,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 30 Parkland Plaza & 4261 Park Rd | 30 Parkland Plaza & 4261 Park Rd, 48103 | 30,343 | 2019 |
| New Construction Downtown Retail/Office Space For Lease | 1215 S. University, 48104 | 6,000 | 2017 |
| IHA Domino's Farms | 4200 Whitehall Dr, 48105 | 46,828 | 2014 |
| Fully Equipped Data Center for Sale - Ann Arbor | 6163 Jackson, 48103 | 900 | 2012 |
| Former McDonalds Building | 3752 South State Street, 48108 | 4,485 | 2009 |
| Former McDonalds Building | 3752 South State Street, 48108 | 4,485 | 2009 |
| Earhart Corporate Center | 2211 Old Earhart Road, 48105 | 196,087 | 2006 |
| North Oak Office Complex | 8178 Jackson Rd, 48103 | 10,500 | 2006 |
| 5777 Hines Dr | 5777 Hines Dr, 48108 | 26,820 | 2005 |
| 5777 Hines Dr | 5777 Hines Dr, 48108 | 26,820 | 2005 |
Worth noting among recent office completions on the Ann Arbor market is 30 Parkland Plaza & 4261 Park Rd, which is currently the largest new office development in the city, at 30,343 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Ann Arbor commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.