Commercial Real Estate Market in Plymouth, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
90 active listings and 1,302 off-market properties in Plymouth, MI. Commercial property asks $74/SF to buy and $19.16/SF/Yr to lease.
Market Trends
Plymouth, MI spans 34.5 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Plymouth, MI asks $89/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 Plymouth, MI asks $78/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 Plymouth, 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 Plymouth, MI asks $61/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 37.1%
- Industrial 25.6%
- Commercial 11.8%
- Mixed use 2.6%
- Open space 1.7%
- Planned_development 1%
Largest Zones share of zoned land by district
Single Family Residential
Heavy Industrial
Ann Arbor Road Corridor
Office
General Business
Plymouth, MI zones 205 acres across 15 districts. Commercial zoning covers 11.8% of zoned land, residential 37.1%, open space 1.7% and industrial 25.6%. The largest single district is Single Family Residential at 29.3%. For commercial buyers the practical constraint is that only 37.3% of land carries a commercial or industrial designation.
Office (O-1)
Office Service Future Land Use and the O-1 (Office-Service) Zoning The Office Service Future Land Use designation generally corresponds to the O-1 Zoning District, with two exceptions: O-1 zoned parcels on North Main Street and Starkweather Street. If the City decides to use a form-based zoning approach, the parcels on North Main will likely be incorporated…
Market overview
Demographics & Economy
Plymouth, MI has 41,069 residents in 18,184 households. Density runs 1,191 people per square mile. Median household income here is $109,442 and median gross rent $1,114 a month.
41,069
Population
18,184
Households
2.3
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
34.5 sq mi
ZIP Area
1,191
Density / Sq Mi
$109,442
Median Household Income
$68,920
Median Earnings
$1,114
Median Rent
$400,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Northville | $74 (county avg) | $36.75 |
| Livonia | $74 (county avg) | $18.00 |
| Westland | $74 (county avg) | $15.25 |
| Wayne | $74 (county avg) | $18.05 |
Commercial property in Plymouth, MI asks $74/SF. The 4 bordering markets run from $74/SF in Northville to $74/SF in Northville, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Plymouth?
Commercial property in Plymouth, MI asks an average of $74 per square foot. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Plymouth?
Asking lease rates in Plymouth, MI average $19.16 per square foot per year.
How does Plymouth compare to nearby markets on price?
Plymouth, MI asks $74/SF against $74/SF in Northville, $74/SF in Livonia, $74/SF in Westland and $74/SF in Wayne.
What zoning applies to commercial property in Plymouth?
Plymouth, MI zones 205 acres across 15 districts, of which 11.8% is commercial and 25.6% industrial. The largest single district is Single Family Residential at 29.3% of zoned land. Residential zoning covers 37.1% and open space 1.7%.
Where does Realmo's Plymouth market data come from?
Realmo compiles Plymouth, MI figures from 3 recent recorded sales, 46 active sale listings, 44 active lease listings, 1,302 tracked off-market properties, the current Plymouth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 44 active for-lease listings in Plymouth, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 205 zoned acres across 15 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
