Commercial Real Estate Market in Holland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
388 active listings and 4,134 off-market properties in Holland, MI. Commercial property asks $88/SF to buy and $15.44/SF/Yr to lease.
Market Trends
Holland, MI spans 135.1 square miles in Ottawa County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Holland, MI asks $17.37/SF/Yr to lease and $139/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Holland, MI asks $212/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 Holland, 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 Holland, MI asks $264/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 34.5%
- Industrial 32.3%
- Mixed use 10.3%
- Open space 7.7%
- Planned_development 7%
- Special 5.1%
- Civic 1.7%
- Commercial 1.4%
Largest Zones share of zoned land by district
Industrial
Low Density Residential
Open Space
Planned Unit Development
Corridor Mixed Use
Holland, MI zones 9,582 acres across 24 districts. Commercial zoning covers 1.4% of zoned land, residential 34.5%, open space 7.7% and industrial 32.3%. The largest single district is Industrial at 32.3%. For commercial buyers the practical constraint is that only 33.7% of land carries a commercial or industrial designation.
Open Space (OS)
OS Open Space PUD Planned Unit Development Residential zone districts. When UDO uses the term "residential zone districts ," that means the LDR, CNR, MDR, TNR, HDR, and MHR Zone Districts collectively. The maps in Sections 39-2.05 through 39-2.18 are illustrative only. The regulatory Zoning Map is located in Section 39-1.05 .
Market overview
Demographics & Economy
Holland, MI has 94,833 residents in 38,925 households. Density runs 702 people per square mile. Median household income here is $80,461 and median gross rent $1,150 a month.
94,833
Population
38,925
Households
2.4
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
135.1 sq mi
ZIP Area
702
Density / Sq Mi
$80,461
Median Household Income
$39,006
Median Earnings
$1,150
Median Rent
$262,488
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Zeeland | — | $8.58 |
| Macatawa | — | — |
| Saugatuck | — | $27.33 |
| Port Sheldon | — | — |
Commercial property in Holland, MI asks $88/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Holland?
Commercial property in Holland, MI asks an average of $88 per square foot. Multifamily carries the highest asking price at $264/SF.
How much does it cost to lease commercial space in Holland?
Asking lease rates in Holland, MI average $15.44 per square foot per year. Office asks $17.37/SF/Yr as of Q1 26, up from $13.37/SF/Yr in Q4 25.
What zoning applies to commercial property in Holland?
Holland, MI zones 9,582 acres across 24 districts, of which 1.4% is commercial and 32.3% industrial. The largest single district is Industrial at 32.3% of zoned land. Residential zoning covers 34.5% and open space 7.7%.
Where does Realmo's Holland market data come from?
Realmo compiles Holland, MI figures from 2 recent recorded sales, 231 active sale listings, 157 active lease listings, 4,134 tracked off-market properties, the current Holland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 231 active for-sale and 157 active for-lease listings in Holland, 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: 9,582 zoned acres across 24 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 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
