Commercial Real Estate Market in Monroe, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
87 active listings and 2,126 off-market properties in Monroe, MI. Commercial property asks $94/SF to buy and $12.80/SF/Yr to lease.
Market Trends
Monroe, MI spans 102.3 square miles in Monroe County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Monroe, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Monroe, MI has a median asking sale price of $97/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Monroe, 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 space in Monroe, MI has a median asking sale price of $101/SF (based on 3 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
- Civic 47.5%
- Industrial 28.8%
- Commercial 5.1%
- Planned_development 4.4%
- Open space 4.1%
- Mixed use 3.8%
- Special 3.4%
- Residential 0.5%
Largest Zones share of zoned land by district
The I-P, Port Industrial District, is intended to support the economic development of the Port of Monroe, while protecting the natural environment and the ability of all port users to conduct business efficiently . Supp 14, May 2024 ZONING 2020 CITY OF MONROE, MICHIGAN 68
Market overview
Demographics & Economy
Monroe, MI has 55,727 residents in 24,713 households. Density runs 545 people per square mile. Median household income here is $67,235 and median gross rent $933 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Monroe?
How much does it cost to lease commercial space in Monroe?
Where does Realmo's Monroe market data come from?
Methodology & data sources
- Asking prices and medians
- There are 40 active for-sale and 47 active for-lease listings in Monroe, MI. The medians are based on 16 of the for-sale and 21 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: 5,536 zoned acres across 20 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
