Commercial Real Estate Market in Kalamazoo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
721 active listings and 5,882 off-market properties in Kalamazoo, MI. Commercial property asks $86/SF to buy and $20.03/SF/Yr to lease.
Market Trends
Kalamazoo, MI spans 183.2 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Kalamazoo, MI asks $18.59/SF/Yr to lease and $113/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Kalamazoo, MI asks $135/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 Kalamazoo, 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 Kalamazoo, MI asks $80/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 58.7%
- Industrial 23.9%
- Commercial 7.3%
- Mixed use 5.7%
- Planned_development 3.2%
- Civic 1.2%
Largest Zones share of zoned land by district
Residential Single Dwelling
Residential Multi Dwelling
Manufacturing Limited
Manufacturing General
Live Work 1
Kalamazoo, MI zones 13,575 acres across 21 districts. Commercial zoning covers 7.3% of zoned land, residential 58.7% and industrial 23.9%. The largest single district is Residential Single Dwelling at 37.8%. For commercial buyers the practical constraint is that only 31.2% of land carries a commercial or industrial designation.
Residential Single Dwelling (RS5)
RS-5 - Residential, Single-Dwelling RS-7 - Residential, Single-Dwelling RD-8 - Residential, Duplex RD-19 - Residential, Duplex RM-15 - Residential, Multi-Dwelling RM-15C - Residential, Multi-Dwelling (Campus Area) RM-24 - Residential, Multi-Dwelling RM-36 - Residential, Multi-Dwelling RMHP - Residential, Mobile Home Park RMU - Residential, Mixed Use 2022-06-…
Market overview
Demographics & Economy
Kalamazoo, MI has 164,158 residents in 72,701 households. Density runs 896 people per square mile. Median household income here is $64,296 and median gross rent $1,044 a month.
164,158
Population
72,701
Households
2.3
Avg Household Size
34
Median Age
40%
College-Educated
93%
High-School Grad
183.2 sq mi
ZIP Area
896
Density / Sq Mi
$64,296
Median Household Income
$35,239
Median Earnings
$1,044
Median Rent
$215,318
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Comstock | — | — |
| Parchment | — | — |
| Oshtemo | — | — |
| Portage | — | $19.28 |
Commercial property in Kalamazoo, MI asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kalamazoo?
Commercial property in Kalamazoo, MI asks an average of $86 per square foot. Retail carries the highest asking price at $135/SF.
How much does it cost to lease commercial space in Kalamazoo?
Asking lease rates in Kalamazoo, MI average $20.03 per square foot per year. Office asks $18.59/SF/Yr as of Q1 26, up from $13.88/SF/Yr in Q4 25.
What zoning applies to commercial property in Kalamazoo?
Kalamazoo, MI zones 13,575 acres across 21 districts, of which 7.3% is commercial and 23.9% industrial. The largest single district is Residential Single Dwelling at 37.8% of zoned land. RS-5 - Residential, Single-Dwelling RS-7 - Residential, Single-Dwelling RD-8 - Residential, Duplex RD-19 - Residential, Duplex RM-15 - Residential, Multi-Dwelling RM-15C - Residential, Multi-Dwelling (Campus Area) RM-24 - Residential, Multi-Dwelling RM-36 - Residential, Multi-Dwelling RMHP - Residential, Mobile Home Park RMU - Residential, Mixed Use 2022-06-… Residential zoning covers 58.7% and open space 0%.
Where does Realmo's Kalamazoo market data come from?
Realmo compiles Kalamazoo, MI figures from 3 recent recorded sales, 463 active sale listings, 258 active lease listings, 5,882 tracked off-market properties, the current Kalamazoo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 463 active for-sale and 258 active for-lease listings in Kalamazoo, 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: 13,575 zoned acres across 21 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
