Commercial Real Estate Market in Flat Rock, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 365 off-market properties in Flat Rock, MI.
Market Trends
Flat Rock, MI spans 18.5 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Flat Rock, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Flat Rock, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Flat Rock, 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%.
Multifamily
Multifamily vacancy in Flat Rock, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Flat Rock, MI has 23,829 residents in 9,579 households. Density runs 1,286 people per square mile. Median household income here is $88,821 and median gross rent $1,106 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Woodhaven | $75 (county avg) | — |
| Brownstown Township | $163 | $17.25 |
Across Wayne County, commercial property asks $75/SF. That compares with $163/SF in Brownstown Township.
Frequently Asked Questions
What does commercial property cost per square foot in Flat Rock?
How does Flat Rock compare to nearby markets on price?
Where does Realmo's Flat Rock market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 10 active for-lease listings in Flat Rock, MI. The sale figure is the Wayne County average, as too few listings here state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
