Commercial Real Estate Market in Kalamazoo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
514 active listings and 5,882 off-market properties in Kalamazoo, MI. Commercial property asks $112/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Kalamazoo, MI spans 183.2 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Kalamazoo, MI asks $15.57/SF/Yr to lease; the median asking sale price is $112/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Kalamazoo, MI has a median asking sale price of $141/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Kalamazoo, MI has a median asking sale price of $61/SF. Vacancy 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 space in Kalamazoo, MI has a median asking sale price of $108/SF (based on 5 listings). Vacancy 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 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
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.
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.
Tools
Nearby Markets
Commercial property in Kalamazoo, MI asks $112/SF. The 2 bordering markets run from $50/SF in Vicksburg to $115/SF in Portage, and the city sits above their $83/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Kalamazoo?
How much does it cost to lease commercial space in Kalamazoo?
How does Kalamazoo compare to nearby markets on price?
What zoning applies to commercial property in Kalamazoo?
Where does Realmo's Kalamazoo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 244 active for-sale and 270 active for-lease listings in Kalamazoo, MI. The medians are based on 81 of the for-sale and 209 of the for-lease listings, those that state a price or rent per square foot. 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: 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 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
