Commercial Real Estate Market in Commerce Township, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 654 off-market properties in Commerce Township, MI. Commercial property asks $56/SF to buy and $18.38/SF/Yr to lease.
Market Trends
Commerce Township, MI spans 29.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Commerce Township, 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 Commerce Township, 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 Commerce Township, 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 Commerce Township, 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
Commerce Township, MI has 47,607 residents in 19,852 households. Density runs 1,635 people per square mile. Median household income here is $110,581 and median gross rent $1,629 a month.
47,607
Population
19,852
Households
2.4
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
29.1 sq mi
ZIP Area
1,635
Density / Sq Mi
$110,581
Median Household Income
$56,550
Median Earnings
$1,629
Median Rent
$345,148
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Walled Lake | — | $15.50 |
| White Lake | — | — |
| Union Lake | — | — |
| Wixom | — | $12.47 |
Commercial property in Commerce Township, MI asks $56/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Commerce Township?
Commercial property in Commerce Township, MI asks an average of $56 per square foot. The 5 most recent recorded sales traded at a median of $121/SF. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Commerce Township?
Asking lease rates in Commerce Township, MI average $18.38 per square foot per year.
Where does Realmo's Commerce Township market data come from?
Realmo compiles Commerce Township, MI figures from 5 recent recorded sales, 37 active sale listings, 14 active lease listings, 654 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 37 active for-sale and 14 active for-lease listings in Commerce Township, 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
