Commercial Real Estate Market in Boyne City, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 517 off-market properties in Boyne City, MI. Commercial property asks $407/SF to buy and $5.75/SF/Yr to lease.
Market Trends
Boyne City, MI spans 72.9 square miles in Charlevoix County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Boyne City, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Boyne City, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Boyne City, 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 vacancy in Boyne City, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Boyne City, MI has 8,113 residents in 5,075 households. Density runs 111 people per square mile. Median household income here is $74,202 and median gross rent $955 a month.
8,113
Population
5,075
Households
1.6
Avg Household Size
48
Median Age
36%
College-Educated
96%
High-School Grad
72.9 sq mi
ZIP Area
111
Density / Sq Mi
$74,202
Median Household Income
$40,208
Median Earnings
$955
Median Rent
$252,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Walloon Lake | — | — |
| East Jordan | — | — |
| Boyne Falls | — | — |
| Petoskey | — | $13.62 |
Commercial property in Boyne City, MI asks $407/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boyne City?
Commercial property in Boyne City, MI asks an average of $407 per square foot.
How much does it cost to lease commercial space in Boyne City?
Asking lease rates in Boyne City, MI average $5.75 per square foot per year.
Where does Realmo's Boyne City market data come from?
Realmo compiles Boyne City, MI figures from 20 active sale listings, 1 active lease listings, 517 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 20 active for-sale and 1 active for-lease listings in Boyne City, 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
