Commercial Real Estate Market in Belmont, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 150 off-market properties in Belmont, MI.
Market Trends
Belmont, MI spans 18.4 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Belmont, MI asks $147/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Belmont, MI asks $206/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 Belmont, 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 space in Belmont, MI asks $162/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Belmont, MI has 10,419 residents in 4,207 households. Density runs 565 people per square mile. Median household income here is $104,618 and median gross rent $1,068 a month.
10,419
Population
4,207
Households
2.5
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
18.4 sq mi
ZIP Area
565
Density / Sq Mi
$104,618
Median Household Income
$57,805
Median Earnings
$1,068
Median Rent
$340,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockford | — | $13.58 |
| Comstock Park | — | $14.68 |
| Grand Rapids | — | $17.63 |
| Sparta | — | $9.33 |
Frequently Asked Questions
How much does it cost to lease commercial space in Belmont?
Asking lease rates in Belmont, MI average $19.49 per square foot per year.
Where does Realmo's Belmont market data come from?
Realmo compiles Belmont, MI figures from 8 active sale listings, 5 active lease listings, 150 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 8 active for-sale and 5 active for-lease listings in Belmont, 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
