Commercial Real Estate Market in Lake Orion, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings and 659 off-market properties in Lake Orion, MI. Commercial property asks $197/SF to buy (based on 8 listings) and $21.46/SF/Yr to lease (based on 5 listings).
Market Trends
Lake Orion, MI spans 32.4 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lake Orion, MI has a median asking sale price of $185/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Lake Orion, MI has a median asking sale price of $380/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Lake Orion, MI has a median asking sale price of $259/SF (based on 3 listings). 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 vacancy in Lake Orion, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Pontiac | $126 | $12.00 |
| Auburn Hills | $127 | $12.50 |
| Rochester Hills | $170 | $16.50 |
| Clarkston | $298 | $20.00 |
Commercial property in Lake Orion, MI asks $197/SF. The 4 bordering markets run from $126/SF in Pontiac to $298/SF in Clarkston, and the city sits above their $148/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lake Orion?
How much does it cost to lease commercial space in Lake Orion?
How does Lake Orion compare to nearby markets on price?
Where does Realmo's Lake Orion market data come from?
Methodology & data sources
- Asking prices and medians
- There are 23 active for-sale and 23 active for-lease listings in Lake Orion, MI. The medians are based on 8 of the for-sale and 5 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.
- 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
