Average Rent for Office Space in Novi, MI
Rents for offices in Novi range between $16 and $20.5 per square foot, with the market-wide average currently at $19 per square foot according to the latest listing data.
Learn More About Office Spaces for Rent in Novi, MI
The Novi, MI market currently features 112 distinct office spaces available for lease, totaling approximately 685,877 square feet.
Local inventory includes subtypes such as General Office with 37 listings, as well as other property types such as Medical Office and R&D - Office.
Available office spaces range from 369 square feet to 46,196 square feet, with an average size of 6,236 square feet, accommodating businesses across various growth stages and operational requirements.
Range
Total Square Feet
Share of Total Office
25k to 50k Sq. Ft.
949,331
18.76%
50k to 100k Sq. Ft.
1,532,916
30.3%
100k to 500k Sq. Ft.
2,577,126
50.94%
Of the office inventory in Novi, 51 properties were constructed since 2000, typically offering up-to-date amenities.
An additional 13 buildings were developed between 1975 and 2000, while the remaining 1 date prior to 1975.
Novi, MI Office Market Breakdown
The office market in Novi, MI comprises 48 buildings totaling 5.1 million square feet.
Class A and A+ properties make up 43.84% of the office market in Novi, while Class B properties total 52.05% of the market and Class C properties take up the remaining 4.11%.
Range
Total Square Feet
Share of Total Office
Class A
1,749,647
34.58%
Class B
3,143,058
62.12%
Class C
166,668
3.29%
The market offers substantial flexibility in space configuration, with spaces reaching up to 46,196 square feet and an average square footage of 6,236 across all spaces located here.
23895 Novi Rd, Novi, MI