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 $329,170. Office space sale prices in Michigan have a median of $175,714. The last 24 months of sales history has seen 737 sales, with 287 sales greater than $250,000, 57 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 $59.

Values and sold prices (last 24 months) United States Michigan
Average price/sqft $2,281 $87
Median price/sqft $110 $59
Average sold price $3,853,072 $374,301
Median sold price $359,424 $175,714
Number of sales 76,559 737
Number of sales over $250k 46,417 287
Number of sales over $1m 20,156 57
Number of sales over $10m 4,122 --
Average total tax amount $34,047 $16,068
Average assessed value $1,513,937 $329,170
Average market value $1,756,684 $656,949

Michigan office space property averages

The average lot size of office spaces in Michigan is 21,752 sf. This is 23% above the United States average. The average building area is 46 sf and the median year built is 1975.

Property averages United States Michigan
Average lot size 492,169 sf 2,565,865 sf
Median lot size 17,189 sf 21,752 sf
Average building area 1,115 sf 84 sf
Median building area 85 sf 46 sf
Median year built 1982 1975
Average number of units 30 10
Median number of units 4 3

Michigan office space total supply

There are 11,960 office spaces in Michigan. This is 194% below the United States average. The total acerage is 544,095 acres and the aggregate building area for office spaces in Michigan is 433,297 sf.

Supply United States Michigan
Number of parcels 915,737 11,960
Aggregate lot acerage 9,306,160 544,095
Aggregate building area 490,753,018 sf 433,297 sf
Aggregate units 9,737,375 37,781

Michigan office space industrial mortgages

There are 14,046 mortgages for office spaces across Michigan in the Reonomy database. The average value of those mortgages is $12,210,421. This is 43% above the United States average.

Debt United States Michigan
Number of mortgages 1,482,839 14,046
Average value of mortgages $7,882,079 $12,210,421

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