Commercial Real Estate Market in Harbor Springs, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
157 active listings and 825 off-market properties in Harbor Springs, MI.
Market Trends
Harbor Springs, MI spans 124.9 square miles in Emmet County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Harbor Springs, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Harbor Springs, MI asks $224/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 Harbor Springs, 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 Harbor Springs, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Harbor Springs, MI has 7,511 residents in 6,057 households. Density runs 60 people per square mile. Median household income here is $85,230 and median gross rent $997 a month.
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cross Village | — | — |
| Levering | — | — |
| Petoskey | — | $13.62 |
| Pellston | — | — |
Commercial property in Harbor Springs, MI asks $702/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Harbor Springs?
Commercial property in Harbor Springs, MI asks an average of $702 per square foot. Retail carries the highest asking price at $224/SF.
Where does Realmo's Harbor Springs market data come from?
Realmo compiles Harbor Springs, MI figures from 5 recent recorded sales, 157 active sale listings, 825 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 157 active for-sale and 0 active for-lease listings in Harbor Springs, 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 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
