Detroit Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $28.62 2024 Avg. Asking Rent
  • 26.32% 2024 Office Vacancy Rate

Detroit office price per square foot in 2024 was $28.62 on average. The local office market recorded an average vacancy rate of 26.32% 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

  • Detroit Class A & A+ Office Space$28.05
  • Detroit Class B Office Space$29.08
  • Detroit Class C Office Space$20.54
  • Michigan Class A & A+ Office Space$23.20
  • Michigan Class B Office Space$21.30
  • Michigan Class C Office Space$15.30

Detroit, MI Office Asking Rents by Class

Average office rent in Detroit rested at $28.62 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 Detroit averaged $28.05 per square foot. Across all submarkets, class B office space recorded an average asking rent of $29.08 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.54 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.

2024 Office Vacancy Rates in Detroit

Submarket Asking Rents Vacancy Rates
Central District $29.51 21.21%
Detroit CBD $28.53 27.15%
East Detroit $22.02 30.34%
Livonia $19.01 27.63%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Detroit market was 26.32% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Detroit was 21.21% in the Central District submarket, while the highest office vacancy in the market was 30.34%, recorded in East Detroit.

Office Spaces for Rent in Michigan

Coworking Spaces in Michigan

2024 Office Construction in Detroit, MI

  • Detroit, MI Total SF under construction in 2025 520,000
Largest Office Properties Recently Completed in Detroit
Office building Address SF Completed
Corktown Mixed-Use Development 2348 Michigan Ave, 48216 500,000 2025
Albert Kahn Building 7430 2nd Avenue, 48202 114,139 2021
Broderick Tower 1570 Woodward Avenue, 48226 9,082 2012
One Kennedy Square 777 Woodward Ave., 48226 246,649 2006
7375 Woodward Ave 7375 Woodward Ave, 48202 72,695 2005
One Campus Martius 1000 Woodward Avenue, 48226 1,295,098 2003
Bloomfield Medical Center 8282 Woodward Ave, 48202 5,500 1999
18000 Mack Avenue 18000 Mack Avenue, 48230 5,500 1998
Orchestra Place 3663 Woodward Avenue, 48201 169,013 1997
Orchestra Place 3663 Woodward Avenue, 48201 168,810 1997

Worth noting among recent office completions on the Detroit market is Corktown Mixed-Use Development, which is currently the largest new office development in the city, at 500,000 square feet.

Data provided by Commercial Edge

See reports for other markets

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 Detroit 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.