Commercial Real Estate Market in Forest Hills, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
767 active listings and 9,809 off-market properties in Forest Hills, MI. Commercial property asks $106/SF to buy and $17.95/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Forest Hills, MI asks $20.10/SF/Yr to lease and $141/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Forest Hills, MI asks $16.86/SF/Yr to lease and $171/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Forest Hills, MI asks $9.47/SF/Yr to lease. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Forest Hills, MI asks $164/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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ada | — | $17.45 |
| Grand Rapids | — | $17.95 |
| Kentwood | — | $14.23 |
Commercial property in Forest Hills, MI asks $106/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forest Hills?
Commercial property in Forest Hills, MI asks an average of $106 per square foot. The 3 most recent recorded sales traded at a median of $18/SF, so asking sits 494% above the achieved median. Retail carries the highest asking price at $171/SF.
How much does it cost to lease commercial space in Forest Hills?
Asking lease rates in Forest Hills, MI average $17.95 per square foot per year. Office asks $20.10/SF/Yr as of Q2 26, up from $14.92/SF/Yr in Q1 26.
Where does Realmo's Forest Hills market data come from?
Realmo compiles Forest Hills, MI figures from 3 recent recorded sales, 513 active sale listings, 254 active lease listings, 9,809 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 513 active for-sale and 254 active for-lease listings in Forest 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
