Commercial Real Estate Market in Pittsfield Twp, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
310 active listings and 4,058 off-market properties in Pittsfield Twp, MI. Commercial property asks $259/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Pittsfield Twp, MI asks $25.58/SF/Yr to lease; the median asking sale price is $259/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Typical asking range for active listings in Pittsfield Twp, MI (the middle half): Lease $15.00–$26.50/SF/Yr (median $23.00/SF/Yr, 65 listings); Sale $157–$356/SF (median $259/SF, 15 listings).
Retail
Retail space in Pittsfield Twp, MI has a median asking sale price of $315/SF (based on 6 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Typical asking range for active listings in Pittsfield Twp, MI (the middle half): Lease $21.46–$40.00/SF/Yr (median $27.75/SF/Yr, 20 listings).
Industrial
Industrial space in Pittsfield Twp, MI has a median asking sale price of $151/SF (based on 8 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Typical asking range for active listings in Pittsfield Twp, MI (the middle half): Lease $10.75–$14.75/SF/Yr (median $12.00/SF/Yr, 17 listings); Sale $110–$168/SF (median $151/SF, 8 listings).
Multifamily
Multifamily space in Pittsfield Twp, MI has a median asking sale price of $444/SF (based on 7 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Tools
Lease vs Buy Breakeven
At $22.00/SF/Yr lease vs $259/SF buy → buying wins if held > 2 years.
At a 8.5% 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 | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Ann Arbor | $259 | $22.00 |
| Ypsilanti | $117 | $16.00 |
| Dexter | $316 | $17.00 |
| Northville | $251 | $30.00 |
Commercial property in Pittsfield Twp, MI asks $259/SF. The 4 bordering markets run from $117/SF in Ypsilanti to $316/SF in Dexter, and the city sits in line with their $255/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Pittsfield Twp?
How much does it cost to lease commercial space in Pittsfield Twp?
Is it cheaper to lease or buy commercial space in Pittsfield Twp?
How does Pittsfield Twp compare to nearby markets on price?
Where does Realmo's Pittsfield Twp market data come from?
Methodology & data sources
- Asking prices and medians
- There are 139 active for-sale and 171 active for-lease listings in Pittsfield Twp, MI. The medians are based on 37 of the for-sale and 89 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
