Commercial Real Estate Market in Lathrup Village, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 98 off-market properties in Lathrup Village, MI. Commercial property asks $117/SF to buy and $18.22/SF/Yr to lease.
Market Trends
Lathrup Village, MI spans 7.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lathrup Village, 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 Lathrup Village, 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 Lathrup Village, 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 Lathrup Village, 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
Lathrup Village, MI has 26,062 residents in 11,016 households. Density runs 3,674 people per square mile. Median household income here is $85,171 and median gross rent $1,451 a month.
26,062
Population
11,016
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
3,674
Density / Sq Mi
$85,171
Median Household Income
$50,210
Median Earnings
$1,451
Median Rent
$251,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berkley | — | $20.58 |
| Southfield Township | — | $18.48 |
| Huntington Woods | — | — |
| Oak Park | — | $12.66 |
Commercial property in Lathrup Village, MI asks $117/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lathrup Village?
Commercial property in Lathrup Village, MI asks an average of $117 per square foot. The 3 most recent recorded sales traded at a median of $100/SF, so asking sits 18% above the achieved median. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Lathrup Village?
Asking lease rates in Lathrup Village, MI average $18.22 per square foot per year.
Where does Realmo's Lathrup Village market data come from?
Realmo compiles Lathrup Village, MI figures from 3 recent recorded sales, 7 active sale listings, 12 active lease listings, 98 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 7 active for-sale and 12 active for-lease listings in Lathrup Village, 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
