Commercial Real Estate Market in Norton Shores, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
42 active listings and 935 off-market properties in Norton Shores, MI. Commercial property asks $86/SF to buy (based on 6 listings) and $11.00/SF/Yr to lease.
Market Trends
Norton Shores, MI spans 71.7 square miles in Muskegon County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Norton Shores, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Typical asking range for active listings in Norton Shores, MI (the middle half): Lease $10.00–$14.25/SF/Yr (median $14.00/SF/Yr, 16 listings).
Retail
Retail vacancy in Norton Shores, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Norton Shores, MI has a median asking sale price of $75/SF (based on 3 listings). Vacancy 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 vacancy in Norton Shores, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Norton Shores, MI has 82,894 residents in 37,902 households. Density runs 1,156 people per square mile. Median household income here is $65,980 and median gross rent $1,061 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Fruitport | $126 | — |
| Ferrysburg | $143 | — |
| Spring Lake | $176 | $14.00 |
Commercial property in Norton Shores, MI asks $86/SF. The 3 bordering markets run from $126/SF in Fruitport to $176/SF in Spring Lake, and the city sits below their $143/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Norton Shores?
How much does it cost to lease commercial space in Norton Shores?
How does Norton Shores compare to nearby markets on price?
Where does Realmo's Norton Shores market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 29 active for-lease listings in Norton Shores, MI. The medians are based on 6 of the for-sale and 20 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.
- 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
