Commercial Real Estate Market in Farmington Hills, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
238 active listings and 1,175 off-market properties in Farmington Hills, MI. Commercial property asks $75/SF to buy and $16.26/SF/Yr to lease.
Market Trends
Farmington Hills, MI spans 34.9 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Farmington Hills, MI asks $16.09/SF/Yr to lease and $142/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Farmington Hills, MI asks $169/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 Farmington Hills, 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 Farmington Hills, 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
Farmington Hills, MI has 93,242 residents in 42,085 households. Density runs 2,671 people per square mile. Median household income here is $99,567 and median gross rent $1,443 a month.
93,242
Population
42,085
Households
2.2
Avg Household Size
41
Median Age
58%
College-Educated
96%
High-School Grad
34.9 sq mi
ZIP Area
2,671
Density / Sq Mi
$99,567
Median Household Income
$60,341
Median Earnings
$1,443
Median Rent
$328,384
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farmington | — | $20.08 |
| Southfield | — | $15.66 |
| West Bloomfield | — | $27.98 |
| Bloomfield Hills | — | $21.89 |
Commercial property in Farmington Hills, MI asks $75/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmington Hills?
Commercial property in Farmington Hills, MI asks an average of $75 per square foot. The 4 most recent recorded sales traded at a median of $163/SF. Retail carries the highest asking price at $169/SF.
How much does it cost to lease commercial space in Farmington Hills?
Asking lease rates in Farmington Hills, MI average $16.26 per square foot per year. Office asks $16.09/SF/Yr as of Q2 26, up from $14.32/SF/Yr in Q1 26.
Where does Realmo's Farmington Hills market data come from?
Realmo compiles Farmington Hills, MI figures from 4 recent recorded sales, 102 active sale listings, 136 active lease listings, 1,175 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 102 active for-sale and 136 active for-lease listings in Farmington Hills, 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
