Commercial Real Estate Market in Bloomfield Hills, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 454 off-market properties in Bloomfield Hills, MI. Commercial property asks $209/SF to buy and $21.89/SF/Yr to lease.
Market Trends
Bloomfield Hills, MI spans 29.8 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bloomfield Hills, 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 Bloomfield Hills, 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 Bloomfield Hills, 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 Bloomfield Hills, 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
Market overview
Demographics & Economy
Bloomfield Hills, MI has 49,626 residents in 20,256 households. Density runs 1,666 people per square mile. Median household income here is $159,737 and median gross rent $1,801 a month.
49,626
Population
20,256
Households
2.4
Avg Household Size
47
Median Age
76%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$159,737
Median Household Income
$85,648
Median Earnings
$1,801
Median Rent
$588,078
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.89/SF/Yr lease vs $209/SF buy → buying wins if held > 1.3 years.
At a 10.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bloomfield Township | — | — |
| West Bloomfield | — | $27.98 |
| Southfield Township | — | $18.48 |
| Bham | — | — |
Commercial property in Bloomfield Hills, MI asks $209/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bloomfield Hills?
Commercial property in Bloomfield Hills, MI asks an average of $209 per square foot. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Bloomfield Hills?
Asking lease rates in Bloomfield Hills, MI average $21.89 per square foot per year.
Is it cheaper to lease or buy commercial space in Bloomfield Hills?
Buying beats leasing in Bloomfield Hills, MI if the property is held longer than 1.3 years, comparing $21.89/SF/Yr asking rent with $209/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Bloomfield Hills market data come from?
Realmo compiles Bloomfield Hills, MI figures from 39 active sale listings, 31 active lease listings, 454 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 39 active for-sale and 31 active for-lease listings in Bloomfield Hills, 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
