Commercial Real Estate Market in Gaylord, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
212 active listings and 1,831 off-market properties in Gaylord, MI. Commercial property asks $222/SF to buy and $82.33/SF/Yr to lease.
Market Trends
Gaylord, MI spans 248.6 square miles in Otsego County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gaylord, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Gaylord, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gaylord, 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 vacancy in Gaylord, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 50.9%
- Residential 30.8%
- Industrial 18.3%
Largest Zones share of zoned land by district
Central Commercial
Multiple Family Residential
Manufacturing
Single Family Residential
General Commercial
Gaylord, MI zones 3,148 acres across 6 districts. Commercial zoning covers 50.9% of zoned land, residential 30.8% and industrial 18.3%. The largest single district is Central Commercial at 45.9%. For commercial buyers the practical constraint is that only 69.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Gaylord, MI has 20,568 residents in 11,551 households. Density runs 83 people per square mile. Median household income here is $69,050 and median gross rent $876 a month.
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waters | — | — |
| Vanderbilt | — | — |
| Elmira | — | — |
| Frederic | — | — |
Commercial property in Gaylord, MI asks $222/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gaylord?
Commercial property in Gaylord, MI asks an average of $222 per square foot.
How much does it cost to lease commercial space in Gaylord?
Asking lease rates in Gaylord, MI average $82.33 per square foot per year.
What zoning applies to commercial property in Gaylord?
Gaylord, MI zones 3,148 acres across 6 districts, of which 50.9% is commercial and 18.3% industrial. The largest single district is Central Commercial at 45.9% of zoned land. Residential zoning covers 30.8% and open space 0%.
Where does Realmo's Gaylord market data come from?
Realmo compiles Gaylord, MI figures from 3 recent recorded sales, 181 active sale listings, 31 active lease listings, 1,831 tracked off-market properties, the current Gaylord zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 181 active for-sale and 31 active for-lease listings in Gaylord, 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: 3,148 zoned acres across 6 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 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
