Commercial Real Estate Market in Canton, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
279 active listings and 3,029 off-market properties in Canton, MI. Commercial property asks $77/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Canton, MI spans 36.0 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Canton, MI asks $86/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 Canton, MI asks $101/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 Canton, 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 Canton, MI asks $69/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 78.3%
- Industrial 16.9%
- Agricultural 2.3%
- Open space 1.6%
- Commercial 0.8%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
General Industrial
Single Family Residential
Rural Residential
Canton, MI zones 6,057 acres across 22 districts. Commercial zoning covers 0.8% of zoned land, residential 78.3%, open space 1.6% and industrial 16.9%. The largest single district is Single Family Residential at 36.3%. For commercial buyers the practical constraint is that only 17.7% of land carries a commercial or industrial designation.
Single Family Residential (R-2)
Charter Township of Canton Zoning Ordinance Summary of Zoning Districts and Land Uses* RA RR RE R-1 R-2 R-3 R-4 R-5 R-6 MR RMH C-1 C-2 C-3 C-4 MRD HRD O-1 LI-R LI GI WC OSP CBD CP CHV Related Definitions Land Use Standards P=Permitted Uses S=Special Land Uses *Note: This Table is a summary of the Permitted Uses and Specia
Market overview
Demographics & Economy
Canton, MI has 98,659 residents in 37,433 households. Density runs 2,744 people per square mile. Median household income here is $118,007 and median gross rent $1,482 a month.
98,659
Population
37,433
Households
2.6
Avg Household Size
39
Median Age
54%
College-Educated
95%
High-School Grad
36 sq mi
ZIP Area
2,744
Density / Sq Mi
$118,007
Median Household Income
$60,878
Median Earnings
$1,482
Median Rent
$348,559
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westland | $77 (county avg) | $15.00 |
| Wayne | $77 (county avg) | $17.54 |
| Romulus | $77 (county avg) | $9.73 |
| Inkster | $77 (county avg) | — |
Commercial property in Canton, MI asks $77/SF. The 4 bordering markets run from $77/SF in Westland to $77/SF in Westland, and the city sits in line with their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Canton?
Commercial property in Canton, MI asks an average of $77 per square foot. The 3 most recent recorded sales traded at a median of $213/SF. Retail carries the highest asking price at $101/SF.
How much does it cost to lease commercial space in Canton?
Asking lease rates in Canton, MI average $15.00 per square foot per year.
How does Canton compare to nearby markets on price?
Canton, MI asks $77/SF against $77/SF in Westland, $77/SF in Wayne, $77/SF in Romulus and $77/SF in Inkster.
What zoning applies to commercial property in Canton?
Canton, MI zones 6,057 acres across 22 districts, of which 0.8% is commercial and 16.9% industrial. The largest single district is Single Family Residential at 36.3% of zoned land. Charter Township of Canton Zoning Ordinance Summary of Zoning Districts and Land Uses* RA RR RE R-1 R-2 R-3 R-4 R-5 R-6 MR RMH C-1 C-2 C-3 C-4 MRD HRD O-1 LI-R LI GI WC OSP CBD CP CHV Related Definitions Land Use Standards P=Permitted Uses S=Special Land Uses *Note: This Table is a summary of the Permitted Uses and Specia Residential zoning covers 78.3% and open space 1.6%.
Where does Realmo's Canton market data come from?
Realmo compiles Canton, MI figures from 4 recent recorded sales, 151 active sale listings, 128 active lease listings, 3,029 tracked off-market properties, the current Canton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 151 active for-sale and 128 active for-lease listings in Canton, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 6,057 zoned acres across 22 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 30 September 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 30 September 2026 · report a data issue
