Detroit Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Newmark, CBRE, Cushman & Wakefield, JLL, Savills
Quarterly office market indicators for Detroit, aggregated by CREhunt from Newmark, CBRE, Cushman & Wakefield, JLL, Savills. As of Q2 2026, average asking rent was $21.36/SF/yr and vacancy was 21.2%, per Newmark.
Projected current office pricing — Detroit
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Detroit office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Newmark | $21.36/SF/yr | 21.2% | 113K SF | — | Newmark |
| Q2 2026 CBRE | $20.68/SF/yr | — | 93K SF | — | CBRE |
| Q2 2026 Cushman & Wakefield | $19.78/SF/yr | 18.5% | -105K SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | — | 13.7% | 7K SF | 297K SF | CBRE |
| Q1 2026 Cushman & Wakefield | $20.24/SF/yr | 19.2% | 328K SF | — | Cushman & Wakefield |
| Q1 2026 Newmark | $21.24/SF/yr | — | — | — | Newmark |
| Q1 2026 JLL | $22.19/SF/yr | 20.5% | 351K SF | — | JLL |
| Q4 2025 Savills | — | — | 1.2M SF | — | Savills |
| Q4 2025 Newmark | $21.08/SF/yr | 21.8% | 722K SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $20.06/SF/yr | 19.5% | — | — | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $20.01/SF/yr | 20.1% | -3K SF | — | Cushman & Wakefield |
| Q3 2025 Newmark | $20.92/SF/yr | 22.9% | -183K SF | — | Newmark |
| Q2 2025 Newmark | $20.89/SF/yr | 22.7% | -501K SF | — | Newmark |
| Q1 2025 Cushman & Wakefield | $20.16/SF/yr | 20.8% | -10K SF | — | Cushman & Wakefield |
| Q1 2025 Newmark | $23.65/SF/yr | 21.9% | -38K SF | — | Newmark |
| Q4 2024 Newmark | $20.92/SF/yr | 21.9% | -251K SF | — | Newmark |
| Q3 2024 Newmark | $20.63/SF/yr | 22.8% | -341K SF | — | Newmark |
| Q2 2024 Newmark | $20.67/SF/yr | 22.3% | -60K SF | — | Newmark |
| Q1 2024 Newmark | $20.55/SF/yr | 22.3% | -268K SF | — | Newmark |
| Q4 2023 Newmark | $20.54/SF/yr | 22.0% | -124K SF | — | Newmark |
| Q3 2023 Newmark | $20.32/SF/yr | 22.0% | — | — | Newmark |
| Q2 2023 Newmark | $20.32/SF/yr | 21.5% | — | — | Newmark |
| Q1 2023 Newmark | $20.17/SF/yr | 20.7% | 8K SF | — | Newmark |
| Q4 2022 Newmark | $20.29/SF/yr | 19.7% | — | — | Newmark |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Detroit office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Ann Arbor | $24.70/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Ann Arbor CBD | $26.77/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Ann Arbor Non-CBD | $20.72/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Auburn Hills | $21.27/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Auburn Hills/Rochester Hills | $19.35/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Birmingham | $28.73/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Birmingham/Bloomfield | $24.65/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Bloomfield | $21.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Clarkston & Waterford Area | $26.78/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Dearborn | $16.19/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Dearborn/Downriver | $17.98/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Detroit CBD | $28.59/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Detroit New Center/Midtown | $22.95/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Farmington Hills/Novi/West Bloomfield | $18.81/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Farmington Hills/West Bloomfield | $16.97/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| I-275 Corridor | $18.29/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Livonia | $18.63/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Macomb | $16.98/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Macomb County | $17.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Plymouth/Northville | $17.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Pontiac | $21.33/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Rochester | $17.40/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Royal Oak | $15.62/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southfield | $18.49/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Southfield/Bingham Farms | $17.98/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Troy | $20.11/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Detroit office did not fully agree. On vacancy, the sources span 2.7 points — from 18.5% (Cushman & Wakefield) to 21.2% (Newmark). Asking-rent estimates differ by $1.58/SF/yr — from $19.78/SF/yr to $21.36/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 18.5% | $19.78/SF/yr | — |
| CBRE | — | $20.68/SF/yr | — |
| Newmark | 21.2% | $21.36/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Detroit?
- As of Q2 2026, the average asking rent for office space in Detroit was $21.36/SF/yr, per Newmark.
- What is the office vacancy rate in Detroit?
- The office vacancy rate in Detroit was 21.2% as of Q2 2026 (Newmark).
- Where does CREhunt's Detroit market data come from?
- This report aggregates quarterly office market data for Detroit from Newmark, CBRE, Cushman & Wakefield, JLL, Savills.
- How much do brokerage estimates differ for office space in Detroit?
- For Q2 2026, the brokerage sources CREhunt aggregates for Detroit did not fully agree. On vacancy, the sources span 2.7 points — from 18.5% (Cushman & Wakefield) to 21.2% (Newmark). Asking-rent estimates differ by $1.58/SF/yr — from $19.78/SF/yr to $21.36/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.