Commercial Real Estate Market in Comstock Park, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
50 active listings and 653 off-market properties in Comstock Park, MI. Commercial property asks $184/SF to buy and $14.68/SF/Yr to lease.
Market Trends
Comstock Park, MI spans 26.3 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Comstock Park, 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 Comstock Park, 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 Comstock Park, 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 Comstock Park, 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
Comstock Park, MI has 16,764 residents in 6,693 households. Density runs 637 people per square mile. Median household income here is $74,691 and median gross rent $1,073 a month.
16,764
Population
6,693
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
637
Density / Sq Mi
$74,691
Median Household Income
$41,855
Median Earnings
$1,073
Median Rent
$244,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $14.68/SF/Yr lease vs $184/SF buy → buying wins if held > 2.3 years.
At a 8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grand Rapids | — | $17.63 |
| Belmont | — | $19.49 |
| Walker | — | — |
| Rockford | — | $13.58 |
Commercial property in Comstock Park, MI asks $184/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Comstock Park?
Commercial property in Comstock Park, MI asks an average of $184 per square foot. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Comstock Park?
Asking lease rates in Comstock Park, MI average $14.68 per square foot per year.
Is it cheaper to lease or buy commercial space in Comstock Park?
Buying beats leasing in Comstock Park, MI if the property is held longer than 2.3 years, comparing $14.68/SF/Yr asking rent with $184/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Comstock Park market data come from?
Realmo compiles Comstock Park, MI figures from 2 recent recorded sales, 35 active sale listings, 15 active lease listings, 653 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 35 active for-sale and 15 active for-lease listings in Comstock Park, 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
