Commercial Real Estate Market in Oakland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
61 active listings and 496 off-market properties in Oakland, MI. Commercial property asks $269/SF to buy and $21.48/SF/Yr to lease.
Market Trends
Oakland, MI spans 42.9 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Oakland, MI asks $142/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 Oakland, MI asks $169/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 Oakland, 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 Oakland, MI asks $159/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
Oakland, MI has 35,816 residents in 12,633 households. Density runs 835 people per square mile. Median household income here is $167,089 and median gross rent $1,645 a month.
35,816
Population
12,633
Households
2.8
Avg Household Size
43
Median Age
69%
College-Educated
98%
High-School Grad
42.9 sq mi
ZIP Area
835
Density / Sq Mi
$167,089
Median Household Income
$78,358
Median Earnings
$1,645
Median Rent
$531,695
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rochester Hills | — | $16.73 |
| Rochester | — | $21.48 |
| Lake Orion | — | $15.47 |
Commercial property in Oakland, MI asks $269/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oakland?
Commercial property in Oakland, MI asks an average of $269 per square foot. The 3 most recent recorded sales traded at a median of $247/SF, so asking sits 9% above the achieved median. Retail carries the highest asking price at $169/SF.
How much does it cost to lease commercial space in Oakland?
Asking lease rates in Oakland, MI average $21.48 per square foot per year.
Where does Realmo's Oakland market data come from?
Realmo compiles Oakland, MI figures from 3 recent recorded sales, 36 active sale listings, 25 active lease listings, 496 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 36 active for-sale and 25 active for-lease listings in Oakland, 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 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
