Commercial Real Estate Market in Madison Heights, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
69 active listings and 1,177 off-market properties in Madison Heights, MI. Commercial property asks $103/SF to buy and $14.25/SF/Yr to lease.
Market Trends
Madison Heights, MI spans 7.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Madison Heights, MI has a median asking sale price of $93/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Madison Heights, MI has a median asking sale price of $143/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Madison Heights, MI has a median asking sale price of $103/SF (based on 5 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 Madison Heights, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Madison Heights, MI has 28,468 residents in 14,690 households. Density runs 4,012 people per square mile. Median household income here is $66,726 and median gross rent $1,138 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Royal Oak | $247 | $25.00 |
| Hazel Park | $90 | $15.89 |
| Ferndale | $211 | $21.33 |
| Clawson | $167 | $10.99 |
Commercial property in Madison Heights, MI asks $103/SF. The 4 bordering markets run from $90/SF in Hazel Park to $247/SF in Royal Oak, and the city sits below their $189/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Madison Heights?
How much does it cost to lease commercial space in Madison Heights?
How does Madison Heights compare to nearby markets on price?
Where does Realmo's Madison Heights market data come from?
Methodology & data sources
- Asking prices and medians
- There are 32 active for-sale and 37 active for-lease listings in Madison Heights, MI. The medians are based on 13 of the for-sale and 14 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
