Commercial Real Estate Market in Ann Arbor, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
312 active listings and 4,059 off-market properties in Ann Arbor, MI. Commercial property asks $259/SF to buy and $22.50/SF/Yr to lease.
Market Trends
Ann Arbor, MI spans 142.0 square miles in Washtenaw County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Ann Arbor, MI asks $25.58/SF/Yr to lease; the median asking sale price is $259/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Ann Arbor, MI has a median asking sale price of $210/SF (based on 5 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Ann Arbor, MI has a median asking sale price of $155/SF (based on 7 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Ann Arbor, MI has a median asking sale price of $409/SF (based on 7 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Ann Arbor, MI has 170,723 residents in 74,060 households. Density runs 1,202 people per square mile. Median household income here is $91,469 and median gross rent $1,596 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Ypsilanti | $117 | $16.00 |
| Northville | $257 | $30.00 |
| Plymouth | $247 | $18.00 |
| Dexter | $316 | $17.00 |
Commercial property in Ann Arbor, MI asks $259/SF. The 4 bordering markets run from $117/SF in Ypsilanti to $316/SF in Dexter, and the city sits above their $252/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Ann Arbor?
How much does it cost to lease commercial space in Ann Arbor?
How does Ann Arbor compare to nearby markets on price?
Where does Realmo's Ann Arbor market data come from?
Methodology & data sources
- Asking prices and medians
- There are 142 active for-sale and 170 active for-lease listings in Ann Arbor, MI. The medians are based on 35 of the for-sale and 88 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
