Commercial Real Estate Market in Farmington, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
91 active listings and 619 off-market properties in Farmington, MI. Commercial property asks $104/SF to buy and $20.08/SF/Yr to lease.
Market Trends
Farmington, MI spans 34.9 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Farmington, MI asks $142/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 Farmington, 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, 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, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 77.5%
- Planned_development 17.4%
- Commercial 2.1%
- Industrial 0.8%
Largest Zones share of zoned land by district
Single Family Residential 8500 Square Feet
Single Family Residential 18000 Square Feet Planned Unit Residential
Single Family Residential 15000 Square Feet County Estates
General Commercial
Office
Farmington, MI zones 1,927 acres across 16 districts. Commercial zoning covers 2.1% of zoned land, residential 77.5% and industrial 0.8%. The largest single district is Single Family Residential 8500 Square Feet at 64.1%. For commercial buyers the practical constraint is that only 2.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Farmington, 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 Hills | — | $16.26 |
| Southfield | — | $15.66 |
| West Bloomfield | — | $27.98 |
| Bloomfield Hills | — | $21.89 |
Commercial property in Farmington, MI asks $104/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmington?
Commercial property in Farmington, MI asks an average of $104 per square foot. The 7 most recent recorded sales traded at a median of $229/SF. Retail carries the highest asking price at $169/SF.
How much does it cost to lease commercial space in Farmington?
Asking lease rates in Farmington, MI average $20.08 per square foot per year.
What zoning applies to commercial property in Farmington?
Farmington, MI zones 1,927 acres across 16 districts, of which 2.1% is commercial and 0.8% industrial. The largest single district is Single Family Residential 8500 Square Feet at 64.1% of zoned land. Residential zoning covers 77.5% and open space 0%.
Where does Realmo's Farmington market data come from?
Realmo compiles Farmington, MI figures from 7 recent recorded sales, 52 active sale listings, 39 active lease listings, 619 tracked off-market properties, the current Farmington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 39 active for-lease listings in Farmington, 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.
- Zoning and land use
- The current municipal zoning release: 1,927 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
