Commercial Real Estate Market in Lake Orion, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
101 active listings and 659 off-market properties in Lake Orion, MI. Commercial property asks $74/SF to buy and $14.96/SF/Yr to lease.
Market Trends
Lake Orion, MI spans 32.4 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lake Orion, 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 Lake Orion, 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 Lake Orion, 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 Lake Orion, 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
Lake Orion, MI has 37,420 residents in 15,856 households. Density runs 1,154 people per square mile. Median household income here is $113,952 and median gross rent $1,259 a month.
37,420
Population
15,856
Households
2.4
Avg Household Size
40
Median Age
52%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$113,952
Median Household Income
$55,156
Median Earnings
$1,259
Median Rent
$334,099
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lake Angelus | — | — |
| Pontiac | — | $12.73 |
| St Heights | — | — |
| Auburn Hills | — | $13.58 |
Commercial property in Lake Orion, MI asks $74/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Orion?
Commercial property in Lake Orion, MI asks an average of $74 per square foot. The 4 most recent recorded sales traded at a median of $245/SF. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Lake Orion?
Asking lease rates in Lake Orion, MI average $14.96 per square foot per year.
Where does Realmo's Lake Orion market data come from?
Realmo compiles Lake Orion, MI figures from 4 recent recorded sales, 76 active sale listings, 25 active lease listings, 659 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 76 active for-sale and 25 active for-lease listings in Lake Orion, 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
