Commercial Real Estate Market in Okemos, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
61 active listings and 675 off-market properties in Okemos, MI. Commercial property asks $177/SF to buy (based on 9 listings) and $15.00/SF/Yr to lease.
Market Trends
Okemos, MI spans 20.1 square miles in Ingham County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Okemos, MI has a median asking sale price of $177/SF (based on 6 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Okemos, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Okemos, 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%.
Multifamily
Multifamily vacancy in Okemos, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Okemos, MI has 22,804 residents in 9,903 households. Density runs 1,135 people per square mile. Median household income here is $113,145 and median gross rent $1,281 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| East Lansing | $161 | $18.00 |
| Lansing | $89 | $14.00 |
| Williamston | $75 | — |
| Dewitt | $167 | — |
Commercial property in Okemos, MI asks $177/SF. The 4 bordering markets run from $75/SF in Williamston to $167/SF in Dewitt, and the city sits above their $125/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Okemos?
How much does it cost to lease commercial space in Okemos?
How does Okemos compare to nearby markets on price?
Where does Realmo's Okemos market data come from?
Methodology & data sources
- Asking prices and medians
- There are 28 active for-sale and 33 active for-lease listings in Okemos, MI. The medians are based on 9 of the for-sale and 17 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
