Commercial Real Estate Market in Cedar Springs, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 487 off-market properties in Cedar Springs, MI. Commercial property asks $18/SF to buy and $6.50/SF/Yr to lease.
Market Trends
Cedar Springs, MI spans 86.4 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cedar Springs, MI asks $147/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 Cedar Springs, MI asks $206/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 Cedar Springs, 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 Cedar Springs, MI asks $162/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
Cedar Springs, MI has 17,391 residents in 7,150 households. Density runs 201 people per square mile. Median household income here is $78,247 and median gross rent $1,060 a month.
17,391
Population
7,150
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
94%
High-School Grad
86.4 sq mi
ZIP Area
201
Density / Sq Mi
$78,247
Median Household Income
$44,041
Median Earnings
$1,060
Median Rent
$247,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockford | — | $13.58 |
| Pierson | — | — |
| Sparta | — | $9.33 |
| Kent City | — | $10.25 |
Commercial property in Cedar Springs, MI asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cedar Springs?
Commercial property in Cedar Springs, MI asks an average of $18 per square foot. The 3 most recent recorded sales traded at a median of $36/SF. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Cedar Springs?
Asking lease rates in Cedar Springs, MI average $6.50 per square foot per year.
Where does Realmo's Cedar Springs market data come from?
Realmo compiles Cedar Springs, MI figures from 4 recent recorded sales, 50 active sale listings, 1 active lease listings, 487 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 50 active for-sale and 1 active for-lease listings in Cedar Springs, 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
