Commercial Real Estate Market in Morley, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 143 off-market properties in Morley, MI.
Market Trends
Morley, MI spans 81.9 square miles in Mecosta County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Morley, MI asks $107/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Morley, MI asks $69/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Morley, 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 Morley, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Morley, MI has 4,382 residents in 1,701 households. Density runs 54 people per square mile. Median household income here is $54,861 and median gross rent $985 a month.
4,382
Population
1,701
Households
2.6
Avg Household Size
40
Median Age
10%
College-Educated
80%
High-School Grad
81.9 sq mi
ZIP Area
54
Density / Sq Mi
$54,861
Median Household Income
$36,298
Median Earnings
$985
Median Rent
$127,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanwood | — | — |
| Howard City | — | — |
| Coral | — | — |
| Croton | — | — |
Commercial property in Morley, MI asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morley?
Commercial property in Morley, MI asks an average of $1 per square foot. Office carries the highest asking price at $107/SF.
Where does Realmo's Morley market data come from?
Realmo compiles Morley, MI figures from 2 recent recorded sales, 19 active sale listings, 1 active lease listings, 143 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 1 active for-lease listings in Morley, 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.
- 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 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 August 2026 · report a data issue
