2023 Office Space Rent & Sales
- $17.83 2023 Avg. Asking Rent
- 0.71% Y-o-Y Avg. Asking Rent Change
- 30.56% 2023 Office Vacancy Rate
Bingham Farms office price per square foot in 2023 was $17.83 on average. This marked a +0.71% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 30.56% 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
2023 Average Office Rent per Square Foot
- Michigan Class A & A+ Office Space$22.86
- Michigan Class B Office Space$21.46
- Michigan Class C Office Space$21.50
Bingham Farms, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
Coworking Spaces in Michigan
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 30850 Telegraph Rd | 30850 Telegraph Rd, 48025 | 21,043 | 1987 |
| Georgetowne Executive Offices | 31600 Telegraph Road, 48025 | 40,892 | 1985 |
| 32270 Telegraph Road | 32270 Telegraph Road, 48025 | 53,143 | 1984 |
| 31780 Telegraph Road | 31780 Telegraph Road, 48025 | 30,720 | 1984 |
| Bingham Office Park III | 30200 Telegraph Road, 48025 | 165,178 | 1983 |
| Bingham Office Park IV | 30300 Telegraph Road, 48025 | 172,034 | 1982 |
| Bingham Office Park V | 30150 Telegraph Road, 48025 | 172,034 | 1982 |
| Remodeled and Ready-to-Go! Move In Tomorrow! | 30600-30800 Telegraph Rd, 48025 | 522,000 | 1980 |
| Bingham Office Center | 30600, 30700 & 30800 Telegraph Rd, 48025 | 522,000 | 1980 |
| Bingham Office Center Sublease | 30800 Telegraph Rd, 48025 | 174,000 | 1980 |
Worth noting among recent office completions on the Bingham Farms market is 30850 Telegraph Rd, which is currently the largest new office development in the city, at 21,043 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bingham Farms 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.