Commercial Real Estate Market in Birmingham, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 563 off-market properties in Birmingham, MI. Commercial property asks $80/SF to buy and $76.70/SF/Yr to lease.
Market Trends
Birmingham, MI spans 5.0 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Birmingham, 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 Birmingham, 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 Birmingham, 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 Birmingham, 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
- Mixed use 38.2%
- Commercial 30.5%
- Residential 27.1%
- Open space 0.2%
Largest Zones share of zoned land by district
Mixed Use
Business Residential
Single Family Residential
Office Residential
Single Family Residential
Market overview
Demographics & Economy
Birmingham, MI has 21,817 residents in 10,333 households. Density runs 4,395 people per square mile. Median household income here is $152,443 and median gross rent $1,891 a month.
21,817
Population
10,333
Households
2.1
Avg Household Size
43
Median Age
77%
College-Educated
99%
High-School Grad
5 sq mi
ZIP Area
4,395
Density / Sq Mi
$152,443
Median Household Income
$84,415
Median Earnings
$1,891
Median Rent
$712,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bham | — | — |
| Southfield Township | — | $18.48 |
| Lathrup Village | — | $18.22 |
| Berkley | — | $20.58 |
Commercial property in Birmingham, MI asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Birmingham?
Commercial property in Birmingham, MI asks an average of $80 per square foot. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Birmingham?
Asking lease rates in Birmingham, MI average $76.70 per square foot per year.
Where does Realmo's Birmingham market data come from?
Realmo compiles Birmingham, MI figures from 2 recent recorded sales, 19 active sale listings, 44 active lease listings, 563 tracked off-market properties, the current Birmingham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 44 active for-lease listings in Birmingham, 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: 354 zoned acres across 21 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
