Commercial Real Estate Market in Clay, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
23 active listings and 249 off-market properties in Clay, MI. Commercial property asks $264/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Clay, MI spans 19.0 square miles in St. Clair County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Clay, MI asks $102/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 Clay, MI asks $80/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 Clay, 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 Clay, MI asks $140/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
Clay, MI has 11,721 residents in 5,787 households. Density runs 616 people per square mile. Median household income here is $64,538 and median gross rent $921 a month.
11,721
Population
5,787
Households
2
Avg Household Size
50
Median Age
18%
College-Educated
94%
High-School Grad
19 sq mi
ZIP Area
616
Density / Sq Mi
$64,538
Median Household Income
$35,987
Median Earnings
$921
Median Rent
$250,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Algonac | — | $14.00 |
| Harsens Island | — | — |
| Fair Haven | — | — |
Commercial property in Clay, MI asks $264/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Clay?
Commercial property in Clay, MI asks an average of $264 per square foot. Multifamily carries the highest asking price at $140/SF.
How much does it cost to lease commercial space in Clay?
Asking lease rates in Clay, MI average $14.00 per square foot per year.
Where does Realmo's Clay market data come from?
Realmo compiles Clay, MI figures from 19 active sale listings, 4 active lease listings, 249 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 4 active for-lease listings in Clay, 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 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
