Commercial Real Estate Market in Pittsfield Township, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
394 active listings and 4,059 off-market properties in Pittsfield Township, MI. Commercial property asks $195/SF to buy and $22.28/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Pittsfield Township, MI asks $25.58/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Pittsfield Township, MI asks $399/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 Pittsfield Township, 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 Pittsfield Township, MI asks $202/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
Tools
Lease vs Buy Breakeven
At $22.28/SF/Yr lease vs $195/SF buy → buying wins if held > 1.1 years.
At a 11.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ann Arbor | — | $22.28 |
| Ypsilanti | — | $21.81 |
| Dexter | — | $45.77 |
| Northville | $77 (county avg) | $36.32 |
Commercial property in Pittsfield Township, MI asks $195/SF. That compares with $77/SF in Northville.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pittsfield Township?
Commercial property in Pittsfield Township, MI asks an average of $195 per square foot. Retail carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Pittsfield Township?
Asking lease rates in Pittsfield Township, MI average $22.28 per square foot per year. Office asks $25.58/SF/Yr as of Q2 26, little changed from $25.44/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Pittsfield Township?
Buying beats leasing in Pittsfield Township, MI if the property is held longer than 1.1 years, comparing $22.28/SF/Yr asking rent with $195/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Pittsfield Township compare to nearby markets on price?
Pittsfield Township, MI asks $195/SF against $77/SF in Northville. Northville is the cheapest entry point at 61% below Pittsfield Township pricing, with $36.32/SF/Yr asking rents.
Where does Realmo's Pittsfield Township market data come from?
Realmo compiles Pittsfield Township, MI figures from 5 recent recorded sales, 222 active sale listings, 172 active lease listings, 4,059 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 222 active for-sale and 172 active for-lease listings in Pittsfield Township, 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
