Commercial Real Estate Market in Portage, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
217 active listings and 1,730 off-market properties in Portage, MI. Commercial property asks $115/SF to buy and $17.50/SF/Yr to lease.
Market Trends
Portage, MI spans 34.5 square miles in Kalamazoo County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Portage, MI asks $40.60/SF/Yr to lease; the median asking sale price is $115/SF (based on 8 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Portage, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Portage, MI has a median asking sale price of $125/SF (based on 7 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%.
Multifamily
Multifamily vacancy in Portage, 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 64.6%
- Industrial 17.9%
- Planned_development 8.5%
- Commercial 4.9%
- Civic 2.3%
- Mixed use 1.1%
- Open space 0%
Largest Zones share of zoned land by district
Portage, MI zones 18,252 acres across 22 districts. Commercial zoning covers 4.9% of zoned land, residential 64.6%, open space 0% and industrial 17.9%. The largest single district is One Family Residential at 27.7%. For commercial buyers the practical constraint is that only 22.8% of land carries a commercial or industrial designation.
Residential districts are designed to be the most restrictive of the residential districts. The intent is to provide for an environment of predominantly low-density single-unit dwellings along with other residentially related facilities that serve the residents in the district
Market overview
Demographics & Economy
Portage, MI has 49,885 residents in 22,207 households. Density runs 1,444 people per square mile. Median household income here is $80,624 and median gross rent $1,091 a month.
Tools
Nearby Markets
Commercial property in Portage, MI asks $115/SF. The 2 bordering markets run from $50/SF in Vicksburg to $112/SF in Kalamazoo, and the city sits above their $81/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Portage?
How much does it cost to lease commercial space in Portage?
How does Portage compare to nearby markets on price?
What zoning applies to commercial property in Portage?
Where does Realmo's Portage market data come from?
Methodology & data sources
- Asking prices and medians
- There are 60 active for-sale and 157 active for-lease listings in Portage, MI. The medians are based on 18 of the for-sale and 135 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.
- Zoning and land use
- The current municipal zoning release: 18,252 zoned acres across 22 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
