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 $332,465. Office space sale prices in Michigan have a median of $189,431. The last 24 months of sales history has seen 771 sales, with 313 sales greater than $250,000, 66 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 $61.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $1,816 $98
Median price/sqft $112 $61
Average sold price $3,976,852 $424,309
Median sold price $359,771 $189,431
Number of sales 77,772 771
Number of sales over $250k 47,159 313
Number of sales over $1m 20,452 66
Number of sales over $10m 4,218 --
Average total tax amount $34,152 $16,315
Average assessed value $1,536,280 $332,465
Average market value $1,765,257 $643,895

Michigan office space property averages

The average lot size of office spaces in Michigan is 26,418 sf. This is 41% above the United States average. The average building area is 44 sf and the median year built is 1977.

Property averages United States Michigan
Average lot size 497,917 sf 2,606,433 sf
Median lot size 17,259 sf 26,418 sf
Average building area 1,112 sf 84 sf
Median building area 85 sf 44 sf
Median year built 1983 1977
Average number of units 31 10
Median number of units 4 4

Michigan office space total supply

There are 11,768 office spaces in Michigan. This is 194% below the United States average. The total acerage is 532,294 acres and the aggregate building area for office spaces in Michigan is 463,511 sf.

Supply United States Michigan
Number of parcels 918,282 11,768
Aggregate lot acerage 9,447,797 532,294
Aggregate building area 494,643,255 sf 463,511 sf
Aggregate units 9,883,662 39,156

Michigan office space industrial mortgages

There are 13,844 mortgages for office spaces across Michigan in the Reonomy database. The average value of those mortgages is $12,911,409. This is 48% above the United States average.

Debt United States Michigan
Number of mortgages 1,506,612 13,844
Average value of mortgages $7,860,223 $12,911,409

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