Commercial Real Estate Market in Midland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
93 active listings and 2,495 off-market properties in Midland, MI. Commercial property asks $209/SF to buy and $17.13/SF/Yr to lease.
Market Trends
Midland, MI spans 209.8 square miles in Midland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Midland, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Midland, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Midland, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
Single Family Residential
Industrial
Community
Multiple Family Residential
Agricultural
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.
Single Family Residential (RA-1)
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.
65,297
Population
29,003
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
209.8 sq mi
ZIP Area
311
Density / Sq Mi
$79,611
Median Household Income
$45,943
Median Earnings
$1,016
Median Rent
$192,588
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sanford | — | — |
| Freeland | — | $15.00 |
| Auburn | — | — |
| Hope | — | — |
Commercial property in Midland, MI asks $209/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Midland?
Commercial property in Midland, MI asks an average of $209 per square foot. The 6 most recent recorded sales traded at a median of $63/SF, so asking sits 233% above the achieved median.
How much does it cost to lease commercial space in Midland?
Asking lease rates in Midland, MI average $17.13 per square foot per year.
What zoning applies to commercial property in Midland?
Midland, MI zones 23,341 acres across 18 districts, of which 1.7% is commercial and 25.7% industrial. The largest single district is Single Family Residential at 25.3% of zoned land. 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… Residential zoning covers 43.9% and open space 0%.
Where does Realmo's Midland market data come from?
Realmo compiles Midland, MI figures from 7 recent recorded sales, 79 active sale listings, 14 active lease listings, 2,495 tracked off-market properties, the current Midland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 79 active for-sale and 14 active for-lease listings in Midland, 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.
- 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 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, 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 August 2026 · report a data issue
