Commercial Real Estate Market in Paw Paw, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
65 active listings and 659 off-market properties in Paw Paw, MI.
Market Trends
Paw Paw, MI spans 83.4 square miles in Van Buren County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Paw Paw, MI asks $141/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 Paw Paw, MI asks $128/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 Paw Paw, 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 vacancy in Paw Paw, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Paw Paw, MI has 13,766 residents in 6,019 households. Density runs 165 people per square mile. Median household income here is $72,119 and median gross rent $841 a month.
13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lawton | — | — |
| Mattawan | — | $15.33 |
| Lawrence | — | — |
| Decatur | — | — |
Commercial property in Paw Paw, MI asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paw Paw?
Commercial property in Paw Paw, MI asks an average of $20 per square foot. The 3 most recent recorded sales traded at a median of $38/SF. Office carries the highest asking price at $141/SF.
Where does Realmo's Paw Paw market data come from?
Realmo compiles Paw Paw, MI figures from 4 recent recorded sales, 65 active sale listings, 659 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 65 active for-sale and 0 active for-lease listings in Paw Paw, 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 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
