Commercial Real Estate Market in Midland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
50 active listings and 2,494 off-market properties in Midland, MI. Commercial property asks $132/SF to buy and $16.13/SF/Yr to lease.
Market Trends
Midland, MI spans 209.8 square miles in Midland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Midland, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Midland, MI has a median asking sale price of $184/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Midland, 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%.
Multifamily
Multifamily vacancy in Midland, MI 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 43.9%
- Industrial 25.7%
- Mixed use 10%
- Agricultural 7%
- Commercial 1.7%
- Civic 0.5%
Largest Zones share of zoned land by district
Midland, MI zones 23,341 acres across 18 districts. Commercial zoning covers 1.7% of zoned land, residential 43.9% and industrial 25.7%. The largest single district is Single Family Residential at 25.3%. For commercial buyers the practical constraint is that only 27.4% of land carries a commercial or industrial designation.
DISTRICTS Section 9.01 -- CREATION OF DISTRICTS For the purposes of this Ordinance, the City of Midland is hereby divided into the following Zoning Districts as shown on the Official Zoning Map: AG Agricultural District RA-1 Residential A-1 - Single Family Residential District RA-2 Residential A-2 - Single Family Residential District RA-3 Residential A-3 - S…
Market overview
Demographics & Economy
Midland, MI has 65,297 residents in 29,003 households. Density runs 311 people per square mile. Median household income here is $79,611 and median gross rent $1,016 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Freeland | $121 | $15.00 |
| Bay City | $97 | $12.00 |
Commercial property in Midland, MI asks $132/SF. The 2 bordering markets run from $97/SF in Bay City to $121/SF in Freeland, and the city sits above their $109/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Midland?
How much does it cost to lease commercial space in Midland?
How does Midland compare to nearby markets on price?
What zoning applies to commercial property in Midland?
Where does Realmo's Midland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 30 active for-sale and 20 active for-lease listings in Midland, MI. The medians are based on 10 of the for-sale and 10 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: 23,341 zoned acres across 18 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
