Commercial Real Estate Market in Parma, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 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 October 2026.
Office
Office vacancy in Parma, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Parma, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Parma, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Spring Arbor | $56 | $12.00 |
| Albion | $119 | — |
| Jackson | $86 | $12.00 |
Commercial property in Parma, MI asks $81/SF. The 3 bordering markets run from $56/SF in Spring Arbor to $119/SF in Albion, and the city sits below their $86/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Parma?
How does Parma compare to nearby markets on price?
What zoning applies to commercial property in Parma?
Where does Realmo's Parma market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 0 active for-lease listings in Parma, MI. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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 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
