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Ann Arbor Office Space Vacancy Rates Mapped, Explained in Swisher Commercial’s 2019 Report

“One of the conclusions that you come to is that we’re continuing a long line now of decreasing vacancy rates,” said Mike Jurgenson, managing broker at Swisher. “It’s going on now for over 10 years and we’re now reaching a point that the market does not have a lot of available space because much of the vacant space that we have has been absorbed over the past several years. You haven’t seen much new construction take place.”

Read more at mlive here.

1940s Dexter factory given new life with brewery, shared office space on the way

Jeff Evans and John Evans brokered the sale of 8080 Grand in 2016. And have since served the owner brokering leases. Take a look at what has developed since!

“A 1940s powder coating facility in Dexter factory has been repurposed to house multiple tenants and is almost fully occupied.

The bright blue, 6,300-square-foot building with stone walls at 8080 Grand St. is now framed by drywall, with colorful steel beams, funky chandeliers, classic cars and four separate units.

Owners Paul Grusche and Don Darnell took over the space in 2016, hoping to turn the old industrial facility into a vibrant space for businesses.”

Read full article at Mlive.

Class A Office Suites for Lease: 3520 Green, Ann Arbor

Class A office space in Northeast Ann Arbor. Quoted rate includes new paint and carpeting for 3-5 year lease. Server room exists in each suite as well as on-site facilities staff. Abundant on-site parking.

For Lease:

Suite 200: 6,499 sf, $26.00 psf (includes utilities & janitorial)

Suite 275: 6,499 sf, $26.00 psf (includes utilities & janitorial)

Suite 200 & 275: 13,998 sf, $26.00 psf (includes utilities & janitorial)

For more information, contact Bart Wise at (734) 662-3778 or bartw@swishercommercial.com

THE SOUTH FLEX AREA (SFA) – 2019 YE Vacancy Report

The SFA rate dropped significantly, from 5.3% vacancy in 2018 to 2.9% this year. (-2.4%)

The reduction leaves over 68,000 square feet of vacant flex space in a market of 50 buildings totaling almost 2.34 million square feet, which does not provide much space for incoming businesses, or for existing SFA businesses hoping to expand. The low supply of existing flex space is leading developers to offer opportunities for new buildings in the form of build-to-suit projects as well as in speculative construction. A 20,000 square foot speculative building, completed in 2019, is fully leased and its success triggered a new 25,000 square foot project by the same developer, scheduled for completion in 2020.

Click here to read the full 2019 YE Vacancy Report.

Industrial Office Flex for Lease: 8186 Jackson Road, Ann Arbor

Very desirable small flex or industrial chic office spaces for lease. Suites can be combined for a total of over 4,000 sf. Suite C features high ceilings, open floor plan, 10′ x 12′ overhead door, two ADA compliant restrooms, kitchenette, conference room with barn doors, private office, three phase power and washer/dryer hook-ups. While Suite F includes 2 private offices, ADA compliant restroom and the remainder open floor plan.

For Lease:

Suite C: 2,041 sf, $14.00 psf (plus utilities)

Suite F: 2,040 sf, $12.00 psf (plus utilites)

Suite F and C can be combined for a total of 4,081 sf.

Building has ample at door parking and easy access to I-94 at Baker Road exit.

For more information, contact Jeff Evans at (734) 926-0222 or jeffevans@swishercommercial.com or Charlie Koenn at (734) 926-0230 or ckoenn@swishercommercial.com

Shared Psychotherapy Practitioners Office for Lease: 533 Main Street, Belleville

Prime office suite location in Belleville for psychotherapy practitioners right on the lake. Easy access from I-94, includes private parking, utilities, fax/scan/copier and WIFI at no extra charge. All offices are newly renovated. This gorgeous standalone professional building offers warm and inviting offices and waiting area with a huge flat screen TV. Your clients will love the stunning lake view behind the building and incredible new residential and commercial development all around – this a gem of a location.

For Lease:

Suite 2: 921 sf, $600 monthly (gross)

Each office can be reserved for all day and evening hours on Tuesday, Wednesday, and Thursday, $600 a month for a total of 12 days a month!

Contact Dr. E. Montoya for details & showings (773) 627-8482

For more information, contact Tony Caprarese at (734) 904-3521 or tonyc@swishercommercial.com

Industrial Warehouse for Lease: 119 Jackson Industrial, Ann Arbor

For Lease: 8,640 sf, $8.00 psf (plus utilities)

Clean, well-kept industrial building available for lease. Has 8,640 SF (144′ x 60′) of warehouse space with one office, one restroom, and a 60′ clear span warehouse. It is extensively equipped with refrigeration and has a generator. Features two loading docks, one overhead door, and a 24′ clear ceiling. There are 15 parking spaces.

Warehouse is located just west of downtown Ann Arbor in Scio Township on the busy Jackson Road Corridor with easy access to I-94 at the Zeeb Road interchange (Exit 169).

For more information, contact Jeff Evans at (734) 926-0222 or jeffevans@swishercommercial.com

THE SOUTH OFFICE AREA (SOA) – 2019 YE Vacancy Report

The SOA vacancy rate dropped for the second consecutive year, decreasing from 9.7% to 6.3%. (-3.4%)

Three SOA buildings had significant office leasing success, due in part to the relocations from the NOA mentioned aforehand. Continued demand decreased the available space in the SOA from 337,000 square feet in 2018 to just over 200,000 square feet. Only four SOA buildings have contiguous blocks of space measuring over 20,000 square feet.

New and Updated Office Suites for Lease: 2512 Carpenter, Ann Arbor

Small professional office suites available. Open floor plans. Well maintained multi-tenant suburban office building, located in Ann Arbor mailing address (48108) but midway between Ann Arbor and Ypsilanti, just south of Washtenaw Ave. (next to Red Lobster restaurant). Easy access to US-23, approximately a block away. At the door parking.

For Lease:

Suite 102 C: 77 sf, $225 monthly (gross)
Suite 102 A: 266 sf, $675 monthly (gross)
Suite 201 B3: 90 sf, $200 monthly (gross)
Suite 201 B4: 200 sf, $500 monthly (gross)

For more information, contact Bart Wise at (734) 662-3778 or bartw@swishercommercial.com or Joe Palms at (734) 662-3676 or jpalms@swishercommercial.com