Commercial Real Estate Market in Marquette, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings and 1,185 off-market properties in Marquette, MI. Commercial property asks $183/SF to buy and $19.00/SF/Yr to lease (based on 7 listings).
Market Trends
Marquette, MI spans 206.9 square miles in Marquette County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Marquette, MI has a median asking sale price of $185/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Marquette, MI has a median asking sale price of $194/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Typical asking range for active listings in Marquette, MI (the middle half): Sale $161–$283/SF (median $194/SF, 12 listings).
Industrial
Industrial space in Marquette, MI has a median asking sale price of $194/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 space in Marquette, MI has a median asking sale price of $166/SF (based on 6 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 21.5%
- Agricultural 20.2%
- Civic 16.3%
- Commercial 7.9%
- Planned_development 6.3%
- Mixed use 6%
- Industrial 5.7%
Largest Zones share of zoned land by district
The intent of the CR district is to preserve the character of land in the city which have outstanding scenic or recreational qualities by restricting development not suited to this goal, to prevent development of land which has great ecological value or where there are natural hazards to development to preserveopen areasfor forestry,agricultureand recreation…
Market overview
Demographics & Economy
Marquette, MI has 32,929 residents in 15,779 households. Density runs 159 people per square mile. Median household income here is $62,321 and median gross rent $992 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Marquette?
How much does it cost to lease commercial space in Marquette?
Where does Realmo's Marquette market data come from?
Methodology & data sources
- Asking prices and medians
- There are 39 active for-sale and 7 active for-lease listings in Marquette, MI. The medians are based on 34 of the for-sale and 7 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.
- Zoning and land use
- The current municipal zoning release: 6,456 zoned acres across 27 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
