2023 Office Space Rent & Sales
- $18.09 2023 Avg. Asking Rent
- 0.91% Y-o-Y Avg. Asking Rent Change
- 32.69% 2023 Office Vacancy Rate
Sterling Heights office price per square foot in 2023 was $18.09 on average. This marked a +0.91% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 32.69% 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
Sterling Heights, MI Office Asking Rents by Class
Office Spaces for Rent in Michigan
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 33464 Schoenherr Road | 33464 Schoenherr Road, 48312 | 41,184 | 2006 |
| Lakewood Office Center | 13425 19 Mile Rd, 48313 | 13,030 | 2006 |
| 39242 Dequindre Rd #103 & 104 | 39242 Dequindre Rd, 48310 | 4,672 | 2006 |
| 39242 Dequindre Rd | 39242 Dequindre Rd, 48310 | 4,672 | 2006 |
| 7333 Triangle Sterling | 7325 Triangle, 48314 | 4,667 | 2006 |
| Bellagio of Lakeside | 13810-13854 Lakeside Circle, 48313 | 17,200 | 2004 |
| Cambridge Office Park | 43114-43136 Dequindre Rd, 48314 | 9,050 | 2004 |
| 35427 Dodge Park Rd | 35427 Dodge Park Rd, 48312 | 4,757 | 2002 |
| Liberty Professional Center | 35501 - 35765 Mound Rd, 48310 | 99,820 | 2001 |
| 37300 Schoenherr Rd | 37300 Schoenherr Rd, 48312 | 8,491 | 2001 |
Worth noting among recent office completions on the Sterling Heights market is 33464 Schoenherr Road, which is currently the largest new office development in the city, at 41,184 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 Sterling Heights 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.