Commercial Real Estate Market in Concord, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 98 off-market properties in Concord, MI. Commercial property asks $64/SF to buy and $2.18/SF/Yr to lease.
Market Trends
Concord, MI spans 41.0 square miles in Jackson County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Concord, MI asks $94/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 Concord, MI asks $105/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 Concord, 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 Concord, MI asks $77/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
Concord, MI has 3,027 residents in 1,265 households. Density runs 74 people per square mile. Median household income here is $66,667 and median gross rent $806 a month.
3,027
Population
1,265
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
41 sq mi
ZIP Area
74
Density / Sq Mi
$66,667
Median Household Income
$43,906
Median Earnings
$806
Median Rent
$179,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Arbor | — | $11.30 |
| Parma | — | — |
| Hanover | — | — |
| Horton | — | — |
Commercial property in Concord, MI asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Concord?
Commercial property in Concord, MI asks an average of $64 per square foot. The 4 most recent recorded sales traded at a median of $63/SF, so asking sits 2% above the achieved median. Retail carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Concord?
Asking lease rates in Concord, MI average $2.18 per square foot per year.
Where does Realmo's Concord market data come from?
Realmo compiles Concord, MI figures from 5 recent recorded sales, 23 active sale listings, 1 active lease listings, 98 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 23 active for-sale and 1 active for-lease listings in Concord, 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
