Brought to You by Swisher Commercial
Enclosed is Swisher Commercial’s 31st annual survey of vacancy rates for office and flex space in the Ann Arbor area for year-end 2023. We surveyed 299 buildings of 5,000 square feet or larger, totaling over 11 million square feet of space. Our report includes a breakdown of vacancy rates by sub-market and charts the vacancy trends over the last 31 years. This year’s numbers reflect the effects of national and local economic forces that influence commercial real estate in Washtenaw County, Michigan.
We hope this report will help you better understand the current market and assist in planning your real estate decisions. Swisher Commercial extends our wishes of good health and prosperity to our community and we welcome your inquiries and requests for assistance related to your commercial real estate needs.
Past Vacancy Reports
Interested in reviewing historical data and trends?
2023 YEAR END VACANCY REPORT
Released January 3rd, 2024!
AVAILABLE PROPERTIES
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ANN ARBOR OFFICE/FLEX MARKET
As of December 31, 2023, the total market vacancy rate for office and flex space is 14.6%, an increase over the 2022 year- end vacancy rate of 11.3%. (+3.3%)
OFFICE
The office vacancy rate increased from 12.5% in 2022 to 15.2% this year. (+2.7%)
FLEX
In the past year, the flex vacancy rate increased from 7.1% to 12.7%. (+5.6%)
