Commercial Real Estate Market in Berkley, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
26 active listings and 407 off-market properties in Berkley, MI. Commercial property asks $120/SF to buy (based on 6 listings) and $16.00/SF/Yr to lease (based on 5 listings).
Market Trends
Berkley, MI spans 2.4 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Berkley, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Berkley, MI has a median asking sale price of $136/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Berkley, 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 Berkley, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 73.2%
- Commercial 10.7%
- Mixed use 5%
- Civic 4.2%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Berkley, MI zones 1,656 acres across 13 districts. Commercial zoning covers 10.7% of zoned land, residential 73.2%. The largest single district is Smaller Lot Single Family Residential at 67.9%. For commercial buyers the practical constraint is that only 10.7% of land carries a commercial or industrial designation.
This district is intended to preserve the quality of existing residential neighborhoods while recognizing the need for other uses to support the quality of life within them
Market overview
Demographics & Economy
Berkley, MI has 15,194 residents in 7,068 households. Density runs 6,338 people per square mile. Median household income here is $113,103 and median gross rent $1,436 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Royal Oak | $247 | $25.00 |
| Clawson | $167 | $10.99 |
| Oak Park | $155 | $14.00 |
| Ferndale | $211 | $21.33 |
Commercial property in Berkley, MI asks $120/SF. The 4 bordering markets run from $155/SF in Oak Park to $247/SF in Royal Oak, and the city sits below their $189/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Berkley?
How much does it cost to lease commercial space in Berkley?
How does Berkley compare to nearby markets on price?
What zoning applies to commercial property in Berkley?
Where does Realmo's Berkley market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 12 active for-lease listings in Berkley, MI. The medians are based on 6 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. 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.
- Zoning and land use
- The current municipal zoning release: 1,656 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
