Office space in Michigan

Search office space records in Michigan to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Michigan commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Popular searches around Michigan

Reonomy operates the most comprehensive database for Michigan Office Space and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Michigan commercial real estate professionals. Members from Michigan include brokers, investors and service providers, many of whom specialize in Michigan Office Space.

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Michigan office space sold prices and values

The average assessed value of office spaces in Michigan is $341,265. Office space sale prices in Michigan have a median of $159,916. The last 24 months of sales history has seen 939 sales, with 350 sales greater than $250,000, 78 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of office spaces in Michigan over the last 24 months is $58.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $2,365 $119
Median price/sqft $110 $58
Average sold price $3,958,723 $461,488
Median sold price $357,842 $159,916
Number of sales 73,032 939
Number of sales over $250k 44,217 350
Number of sales over $1m 19,216 78
Number of sales over $10m 3,969 --
Average total tax amount $36,459 $16,369
Average assessed value $1,509,008 $341,265
Average market value $1,743,725 $681,398

Michigan office space property averages

The average lot size of office spaces in Michigan is 17,237 sf. This is 0% above the United States average. The average building area is 40 sf and the median year built is 1969.

Property averages United States Michigan
Average lot size 480,584 sf 2,059,932 sf
Median lot size 17,135 sf 17,237 sf
Average building area 1,048 sf 82 sf
Median building area 84 sf 40 sf
Median year built 1983 1969
Average number of units 28 18
Median number of units 4 4

Michigan office space total supply

There are 16,658 office spaces in Michigan. This is 192% below the United States average. The total acerage is 1,547,845 acres and the aggregate building area for office spaces in Michigan is 578,788 sf.

Supply United States Michigan
Number of parcels 917,648 16,658
Aggregate lot acerage 9,904,202 1,547,845
Aggregate building area 460,294,400 sf 578,788 sf
Aggregate units 9,081,353 77,059

Michigan office space industrial mortgages

There are 18,344 mortgages for office spaces across Michigan in the Reonomy database. The average value of those mortgages is $13,272,413. This is 50% above the United States average.

Debt United States Michigan
Number of mortgages 1,467,580 18,344
Average value of mortgages $7,903,229 $13,272,413

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