Commercial Real Estate Market in Grosse Pointe Farms, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 175 off-market properties in Grosse Pointe Farms, MI.
Market Trends
Grosse Pointe Farms, MI spans 10.7 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Grosse Pointe Farms, MI asks $89/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 Grosse Pointe Farms, MI asks $78/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 Grosse Pointe Farms, 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 Grosse Pointe Farms, MI asks $61/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
Grosse Pointe Farms, MI has 48,845 residents in 20,447 households. Density runs 4,551 people per square mile. Median household income here is $130,912 and median gross rent $1,539 a month.
48,845
Population
20,447
Households
2.4
Avg Household Size
44
Median Age
69%
College-Educated
98%
High-School Grad
10.7 sq mi
ZIP Area
4,551
Density / Sq Mi
$130,912
Median Household Income
$68,434
Median Earnings
$1,539
Median Rent
$387,223
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grosse Pointe Shores | $74 (county avg) | — |
| Harper Woods | $74 (county avg) | — |
| Grosse Pointe | $74 (county avg) | $35.32 |
| Grosse Pointe Woods | $74 (county avg) | — |
Commercial property in Grosse Pointe Farms, MI asks $74/SF. The 4 bordering markets run from $74/SF in Grosse Pointe Shores to $74/SF in Grosse Pointe Shores, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grosse Pointe Farms?
Commercial property in Grosse Pointe Farms, MI asks an average of $74 per square foot. The 4 most recent recorded sales traded at a median of $242/SF. Office carries the highest asking price at $89/SF.
How does Grosse Pointe Farms compare to nearby markets on price?
Grosse Pointe Farms, MI asks $74/SF against $74/SF in Grosse Pointe Shores, $74/SF in Harper Woods, $74/SF in Grosse Pointe and $74/SF in Grosse Pointe Woods.
Where does Realmo's Grosse Pointe Farms market data come from?
Realmo compiles Grosse Pointe Farms, MI figures from 4 recent recorded sales, 1 active sale listings, 175 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Grosse Pointe Farms, 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.
- 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 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
