Commercial Real Estate Market in Kentwood, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
105 active listings and 1,294 off-market properties in Kentwood, MI. Commercial property asks $97/SF to buy and $14.51/SF/Yr to lease.
Market Trends
Kentwood, MI spans 45.5 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Kentwood, MI asks $147/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 Kentwood, MI asks $206/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 Kentwood, 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 Kentwood, MI asks $162/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 50.3%
- Industrial 18.5%
- Planned_development 18.1%
- Commercial 8.4%
- Open space 3.7%
Largest Zones share of zoned land by district
Single Family Residential
Light Industrial
High Density Residential Planned Unit Development
Single Family Residential
Commercial
Kentwood, MI zones 13,412 acres across 20 districts. Commercial zoning covers 8.4% of zoned land, residential 50.3%, open space 3.7% and industrial 18.5%. The largest single district is Single Family Residential at 25.8%. For commercial buyers the practical constraint is that only 26.9% of land carries a commercial or industrial designation.
High Density Residential Planned Unit Development (RPUD-1)
RPUD-1 Attached Residential: Five acres 2. RPUD-2 Detached Residential: Five acres 3. Commercial PUD: Five acres 4. Mix Use PUD: Five acres 5. Office PUD: Five acres 6. Industrial PUD: Ten acres D. All land included in a PUD application shall be contiguous. E. The site shall be served by public sanitary sewer and water systems. F. The application shall demon…
Market overview
Demographics & Economy
Kentwood, MI has 95,150 residents in 38,627 households. Density runs 2,089 people per square mile. Median household income here is $65,290 and median gross rent $1,170 a month.
95,150
Population
38,627
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
88%
High-School Grad
45.5 sq mi
ZIP Area
2,089
Density / Sq Mi
$65,290
Median Household Income
$39,268
Median Earnings
$1,170
Median Rent
$222,612
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Grandville | — | $15.39 |
| Wyoming | — | $16.07 |
| Jenison | — | $18.57 |
| Byron Township | — | $21.30 |
Commercial property in Kentwood, MI asks $97/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kentwood?
Commercial property in Kentwood, MI asks an average of $97 per square foot. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Kentwood?
Asking lease rates in Kentwood, MI average $14.51 per square foot per year.
What zoning applies to commercial property in Kentwood?
Kentwood, MI zones 13,412 acres across 20 districts, of which 8.4% is commercial and 18.5% industrial. The largest single district is Single Family Residential at 25.8% of zoned land. Residential zoning covers 50.3% and open space 3.7%.
Where does Realmo's Kentwood market data come from?
Realmo compiles Kentwood, MI figures from 63 active sale listings, 42 active lease listings, 1,294 tracked off-market properties, the current Kentwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 63 active for-sale and 42 active for-lease listings in Kentwood, 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: 13,412 zoned acres across 20 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
