Commercial Real Estate Market in Newport, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
37 active listings and 267 off-market properties in Newport, MI. Commercial property asks $602/SF to buy and $10.97/SF/Yr to lease.
Market Trends
Newport, MI spans 26.6 square miles in Monroe County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Newport, 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 Newport, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Newport, 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 Newport, MI asks $105/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
Newport, MI has 13,170 residents in 5,387 households. Density runs 495 people per square mile. Median household income here is $70,923 and median gross rent $1,203 a month.
13,170
Population
5,387
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
26.6 sq mi
ZIP Area
495
Density / Sq Mi
$70,923
Median Household Income
$36,946
Median Earnings
$1,203
Median Rent
$217,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockwood | $77 (county avg) | — |
| Flat Rock | $77 (county avg) | $9.89 |
| Gibraltar | $77 (county avg) | — |
Commercial property in Newport, MI asks $602/SF. The 3 bordering markets run from $77/SF in Rockwood to $77/SF in Rockwood, and the city sits above their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newport?
Commercial property in Newport, MI asks an average of $602 per square foot. The 4 most recent recorded sales traded at a median of $45/SF, so asking sits 1231% above the achieved median. Multifamily carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Newport?
Asking lease rates in Newport, MI average $10.97 per square foot per year.
How does Newport compare to nearby markets on price?
Newport, MI asks $602/SF against $77/SF in Rockwood, $77/SF in Flat Rock and $77/SF in Gibraltar. Rockwood is the cheapest entry point at 87% below Newport pricing.
Where does Realmo's Newport market data come from?
Realmo compiles Newport, MI figures from 5 recent recorded sales, 30 active sale listings, 7 active lease listings, 267 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 30 active for-sale and 7 active for-lease listings in Newport, 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 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, 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 30 September 2026 · report a data issue
