Commercial Real Estate Market in Bay Harbor, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
83 active listings and 1,439 off-market properties in Bay Harbor, MI. Commercial property asks $225/SF to buy and $12.23/SF/Yr to lease.
Market Trends
Bay Harbor, MI spans 109.4 square miles in Emmet County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Bay Harbor, 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 Harbor, MI asks $170/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 Harbor, 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 Harbor, 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 Harbor, MI has 17,643 residents in 10,244 households. Density runs 161 people per square mile. Median household income here is $80,431 and median gross rent $1,077 a month.
17,643
Population
10,244
Households
1.7
Avg Household Size
44
Median Age
47%
College-Educated
97%
High-School Grad
109.4 sq mi
ZIP Area
161
Density / Sq Mi
$80,431
Median Household Income
$42,154
Median Earnings
$1,077
Median Rent
$309,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Petoskey | — | $12.23 |
| Boyne City | — | — |
Commercial property in Bay Harbor, MI asks $225/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bay Harbor?
Commercial property in Bay Harbor, MI asks an average of $225 per square foot. Retail carries the highest asking price at $170/SF.
How much does it cost to lease commercial space in Bay Harbor?
Asking lease rates in Bay Harbor, MI average $12.23 per square foot per year.
Where does Realmo's Bay Harbor market data come from?
Realmo compiles Bay Harbor, MI figures from 2 recent recorded sales, 74 active sale listings, 9 active lease listings, 1,439 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 74 active for-sale and 9 active for-lease listings in Bay Harbor, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
