Commercial Real Estate Market in Parma, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 129 off-market properties in Parma, MI.
Market Trends
Parma, MI spans 55.8 square miles in Jackson County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Parma, MI asks $94/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 Parma, MI asks $105/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 Parma, 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 Parma, MI asks $77/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 87.2%
- Open space 7%
- Commercial 3%
- Mixed use 2%
- Industrial 0.9%
Largest Zones share of zoned land by district
Suburban Residential
Mobile Home Park
Recreational Open Space
Local Commercial
Multifamily Residential
Parma, MI zones 391 acres across 8 districts. Commercial zoning covers 3% of zoned land, residential 87.2%, open space 7% and industrial 0.9%. The largest single district is Suburban Residential at 48.7%. For commercial buyers the practical constraint is that only 3.9% of land carries a commercial or industrial designation.
Mobile Home Park (MHP)
The purpose of this District is to provide for the development of mobile home parks and to regulate mobile home parks with the character of residential neighborhoods.
Market overview
Demographics & Economy
Parma, MI has 5,874 residents in 2,083 households. Density runs 105 people per square mile. Median household income here is $83,933 and median gross rent $967 a month.
5,874
Population
2,083
Households
2.8
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
55.8 sq mi
ZIP Area
105
Density / Sq Mi
$83,933
Median Household Income
$50,372
Median Earnings
$967
Median Rent
$200,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spring Arbor | — | $11.30 |
| Concord | — | — |
| Albion | — | — |
| Springport | — | — |
Commercial property in Parma, MI asks $28/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Parma?
Commercial property in Parma, MI asks an average of $28 per square foot. Retail carries the highest asking price at $105/SF.
What zoning applies to commercial property in Parma?
Parma, MI zones 391 acres across 8 districts, of which 3% is commercial and 0.9% industrial. The largest single district is Suburban Residential at 48.7% of zoned land. Residential zoning covers 87.2% and open space 7%.
Where does Realmo's Parma market data come from?
Realmo compiles Parma, MI figures from 2 recent recorded sales, 33 active sale listings, 129 tracked off-market properties, the current Parma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 0 active for-lease listings in Parma, 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.
- Zoning and land use
- The current municipal zoning release: 391 zoned acres across 8 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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 August 2026 · report a data issue
