Commercial Real Estate Market in Hastings, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
59 active listings and 501 off-market properties in Hastings, MI. Commercial property asks $147/SF to buy and $17.97/SF/Yr to lease.
Market Trends
Hastings, MI spans 147.6 square miles in Barry County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hastings, 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 Hastings, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hastings, 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 Hastings, 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
- Residential 71.9%
- Industrial 10%
- Commercial 6.7%
- Planned_development 4.7%
- Mixed use 0.2%
- Special 0.1%
Largest Zones share of zoned land by district
Rural Residential District
One Family Residential District
Suburban Residential District
One Family Residential District
Industrial District
Hastings, MI zones 3,348 acres across 18 districts. Commercial zoning covers 6.7% of zoned land, residential 71.9% and industrial 10%. The largest single district is Rural Residential District at 27.5%. For commercial buyers the practical constraint is that only 16.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Hastings, MI has 19,422 residents in 8,337 households. Density runs 132 people per square mile. Median household income here is $71,169 and median gross rent $928 a month.
19,422
Population
8,337
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
147.6 sq mi
ZIP Area
132
Density / Sq Mi
$71,169
Median Household Income
$40,868
Median Earnings
$928
Median Rent
$210,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Freeport | — | — |
| Cloverdale | — | — |
| Woodland | — | — |
| Middlevle | — | — |
Commercial property in Hastings, MI asks $147/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hastings?
Commercial property in Hastings, MI asks an average of $147 per square foot. The 6 most recent recorded sales traded at a median of $70/SF, so asking sits 112% above the achieved median.
How much does it cost to lease commercial space in Hastings?
Asking lease rates in Hastings, MI average $17.97 per square foot per year.
What zoning applies to commercial property in Hastings?
Hastings, MI zones 3,348 acres across 18 districts, of which 6.7% is commercial and 10% industrial. The largest single district is Rural Residential District at 27.5% of zoned land. Residential zoning covers 71.9% and open space 0%.
Where does Realmo's Hastings market data come from?
Realmo compiles Hastings, MI figures from 6 recent recorded sales, 54 active sale listings, 5 active lease listings, 501 tracked off-market properties, the current Hastings zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 5 active for-lease listings in Hastings, 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: 3,348 zoned acres across 18 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, 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 31 August 2026 · report a data issue
