Commercial Real Estate Market in New Boston, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
75 active listings and 1,102 off-market properties in New Boston, MI. Commercial property asks $77/SF to buy and $14.99/SF/Yr to lease.
Market Trends
New Boston, MI spans 30.3 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in New Boston, MI asks $86/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 New Boston, MI asks $101/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 New Boston, 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 space in New Boston, MI asks $69/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Boston, MI has 9,676 residents in 3,625 households. Density runs 319 people per square mile. Median household income here is $111,173 and median gross rent $1,495 a month.
9,676
Population
3,625
Households
2.7
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
30.3 sq mi
ZIP Area
319
Density / Sq Mi
$111,173
Median Household Income
$57,148
Median Earnings
$1,495
Median Rent
$313,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brownstown Township | $77 (county avg) | $14.99 |
| Flat Rock | $77 (county avg) | $9.89 |
| Romulus | $77 (county avg) | $9.73 |
| Belleville | $77 (county avg) | $12.03 |
Commercial property in New Boston, MI asks $77/SF. The 4 bordering markets run from $77/SF in Brownstown Township to $77/SF in Brownstown Township, and the city sits in line with their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Boston?
Commercial property in New Boston, MI asks an average of $77 per square foot. The 4 most recent recorded sales traded at a median of $125/SF. Retail carries the highest asking price at $101/SF.
How much does it cost to lease commercial space in New Boston?
Asking lease rates in New Boston, MI average $14.99 per square foot per year.
How does New Boston compare to nearby markets on price?
New Boston, MI asks $77/SF against $77/SF in Brownstown Township, $77/SF in Flat Rock, $77/SF in Romulus and $77/SF in Belleville.
Where does Realmo's New Boston market data come from?
Realmo compiles New Boston, MI figures from 6 recent recorded sales, 57 active sale listings, 18 active lease listings, 1,102 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 57 active for-sale and 18 active for-lease listings in New Boston, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 30 September 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 30 September 2026 · report a data issue
