Commercial Real Estate Market in Leonard, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 61 off-market properties in Leonard, MI.
Market Trends
Leonard, MI spans 23.4 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Leonard, 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 Leonard, 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 Leonard, 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 Leonard, 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
Leonard, MI has 4,567 residents in 1,652 households. Density runs 195 people per square mile. Median household income here is $104,000 and median gross rent $1,133 a month.
4,567
Population
1,652
Households
2.8
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
195
Density / Sq Mi
$104,000
Median Household Income
$42,241
Median Earnings
$1,133
Median Rent
$386,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Addison Township | — | — |
| Oxford | — | $14.96 |
| Bruce Township | — | — |
| Bruce | — | — |
Frequently Asked Questions
Where does Realmo's Leonard market data come from?
Realmo compiles Leonard, MI figures from 4 recent recorded sales, 22 active sale listings, 61 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 22 active for-sale and 0 active for-lease listings in Leonard, 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
