Commercial Real Estate Market in Harper Woods, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 206 off-market properties in Harper Woods, MI. Commercial property asks $74/SF to buy and $14.72/SF/Yr to lease.
Market Trends
Harper Woods, MI spans 2.7 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Harper Woods, 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 Harper Woods, 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 Harper Woods, 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 Harper Woods, 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
Harper Woods, MI has 15,862 residents in 6,271 households. Density runs 5,933 people per square mile. Median household income here is $59,248 and median gross rent $1,304 a month.
15,862
Population
6,271
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
5,933
Density / Sq Mi
$59,248
Median Household Income
$40,558
Median Earnings
$1,304
Median Rent
$140,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grosse Pointe Shores | $74 (county avg) | — |
| Grosse Pointe Farms | $74 (county avg) | — |
| Grosse Pointe | $74 (county avg) | $35.32 |
| Grosse Pointe Woods | $74 (county avg) | — |
Commercial property in Harper Woods, 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 Harper Woods?
Commercial property in Harper Woods, MI asks an average of $74 per square foot. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Harper Woods?
Asking lease rates in Harper Woods, MI average $14.72 per square foot per year.
How does Harper Woods compare to nearby markets on price?
Harper Woods, MI asks $74/SF against $74/SF in Grosse Pointe Shores, $74/SF in Grosse Pointe Farms, $74/SF in Grosse Pointe and $74/SF in Grosse Pointe Woods.
Where does Realmo's Harper Woods market data come from?
Realmo compiles Harper Woods, MI figures from 4 recent recorded sales, 10 active sale listings, 3 active lease listings, 206 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 10 active for-sale and 3 active for-lease listings in Harper Woods, 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
