Commercial Real Estate Market in Berkley, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 407 off-market properties in Berkley, MI. Commercial property asks $54/SF to buy and $20.58/SF/Yr to lease.
Market Trends
Berkley, MI spans 2.4 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Berkley, MI asks $120/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 Berkley, MI asks $175/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Berkley, MI asks $159/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
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
Smaller Lot Single Family Residential
Cemetery District
Community Centerpiece
Residential Corridor
Single Family Residential
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.
Smaller Lot Single Family Residential (R-1CD)
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.
15,194
Population
7,068
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
6,338
Density / Sq Mi
$113,103
Median Household Income
$68,818
Median Earnings
$1,436
Median Rent
$289,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Huntington Woods | — | — |
| Lathrup Village | — | $18.22 |
| Royal Oak | — | $20.32 |
| Clawson | — | — |
Commercial property in Berkley, MI asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berkley?
Commercial property in Berkley, MI asks an average of $54 per square foot. The 3 most recent recorded sales traded at a median of $149/SF. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Berkley?
Asking lease rates in Berkley, MI average $20.58 per square foot per year.
What zoning applies to commercial property in Berkley?
Berkley, MI zones 1,656 acres across 13 districts, of which 10.7% is commercial and 0% industrial. The largest single district is Smaller Lot Single Family Residential at 67.9% of zoned land. 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 Residential zoning covers 73.2% and open space 0%.
Where does Realmo's Berkley market data come from?
Realmo compiles Berkley, MI figures from 4 recent recorded sales, 13 active sale listings, 13 active lease listings, 407 tracked off-market properties, the current Berkley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 13 active for-lease listings in Berkley, 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.
- 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 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
