What is the average rental rate for warehouse space per square foot in Michigan?

As of late 2023, the average rental rate for warehouse space in Michigan typically ranges from $6 to $10 per square foot, depending on the location and specific features of the property. Areas with higher demand, such as near Detroit or major transportation hubs, may command rates at the upper end of this spectrum. Additionally, factors like lease terms, building quality, and amenities can influence pricing. For the most accurate and current rates, it's advisable to consult local real estate listings or market reports.