Commercial Real Estate Market in Bay City, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
128 active listings and 2,745 off-market properties in Bay City, MI. Commercial property asks $30/SF to buy and $14.38/SF/Yr to lease.
Market Trends
Bay City, MI spans 95.8 square miles in Bay County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bay City, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Bay City, MI asks $71/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bay City, 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Bay City, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Bay City, MI has 65,241 residents in 30,788 households. Density runs 681 people per square mile. Median household income here is $57,274 and median gross rent $814 a month.
65,241
Population
30,788
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
95.8 sq mi
ZIP Area
681
Density / Sq Mi
$57,274
Median Household Income
$36,911
Median Earnings
$814
Median Rent
$124,939
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kawkawlin | — | — |
| Essexville | — | — |
| Auburn | — | — |
| Freeland | — | $15.00 |
Commercial property in Bay City, MI asks $30/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bay City?
Commercial property in Bay City, MI asks an average of $30 per square foot. The 4 most recent recorded sales traded at a median of $87/SF. Retail carries the highest asking price at $71/SF.
How much does it cost to lease commercial space in Bay City?
Asking lease rates in Bay City, MI average $14.38 per square foot per year.
Where does Realmo's Bay City market data come from?
Realmo compiles Bay City, MI figures from 5 recent recorded sales, 96 active sale listings, 32 active lease listings, 2,745 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 96 active for-sale and 32 active for-lease listings in Bay City, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
