Commercial real estate sale values and lease rates are impacted by “supply and demand” much like other commodities. The vacancy data for a market can also have an effect on plans for new commercial development, options for small businesses to expand into larger office footprints and financial feasibility for entrepreneurs looking for small office space. Both the sale and leasing market can benefit from this knowledge.
A reliable source for office and flex space vacancy data rates in the Ann Arbor Area can be found in the annual Swisher Commercial Vacancy Report. This report includes a breakdown of vacancy rates by sub-market and presents data and trends that cover over 11.5 million square feet of office and flex space in the Ann Arbor area.
The 2022 year-end report addresses the impact of various market forces and the overall picture of commercial real estate in Washtenaw County, Michigan. Current data and end-of-the-year conclusions allow our community to thoughtfully envision future commercial real estate and business moves.
Any of our brokers would be happy to chat with you regarding the current commercial real estate market vacancy data and how it affects your property and commercial real estate goals.
