Commercial Real Estate Market in Addison, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 96 off-market properties in Addison, MI.
Market Trends
Addison, MI spans 32.0 square miles in Lenawee County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Addison, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Addison, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Addison, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Addison, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Addison, MI has 2,390 residents in 1,313 households. Density runs 75 people per square mile. Median household income here is $70,726 and median gross rent $803 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Addison?
Where does Realmo's Addison market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 2 active for-lease listings in Addison, MI. The sale median is based on 7 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
