Commercial Real Estate Market in Hazel Park, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 624 off-market properties in Hazel Park, MI. Commercial property asks $173/SF to buy and $11.63/SF/Yr to lease.
Market Trends
Hazel Park, MI spans 2.8 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hazel Park, MI asks $120/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 Hazel Park, MI asks $175/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 Hazel Park, 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 Hazel Park, MI asks $159/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
Hazel Park, MI has 14,983 residents in 7,149 households. Density runs 5,317 people per square mile. Median household income here is $62,878 and median gross rent $1,221 a month.
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,317
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Madison Heights | — | $12.82 |
| Ferndale | — | $20.11 |
| Pleasant Ridge | — | — |
| Royal Oak | — | $20.32 |
Commercial property in Hazel Park, MI asks $173/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hazel Park?
Commercial property in Hazel Park, MI asks an average of $173 per square foot. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Hazel Park?
Asking lease rates in Hazel Park, MI average $11.63 per square foot per year.
Where does Realmo's Hazel Park market data come from?
Realmo compiles Hazel Park, MI figures from 3 recent recorded sales, 44 active sale listings, 18 active lease listings, 624 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 44 active for-sale and 18 active for-lease listings in Hazel Park, 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
