Commercial Real Estate Market in Hastings, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 501 off-market properties in Hastings, MI.
Market Trends
Hastings, MI spans 147.6 square miles in Barry County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Hastings, MI has a median asking sale price of $153/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Hastings, MI has a median asking sale price of $84/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Hastings, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Hastings?
What zoning applies to commercial property in Hastings?
Where does Realmo's Hastings market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 5 active for-lease listings in Hastings, MI. The sale median is based on 10 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
