Commercial Real Estate Market in Putnam Township, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 298 off-market properties in Putnam Township, MI. Commercial property asks $432/SF to buy and $13.84/SF/Yr to lease.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Putnam Township, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Putnam Township, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Putnam 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 vacancy in Putnam Township, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dexter Township | — | — |
| Hamburg Township | — | — |
| Unadilla | — | — |
| Hamburg | — | — |
Commercial property in Putnam Township, MI asks $432/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Putnam Township?
Commercial property in Putnam Township, MI asks an average of $432 per square foot. The 5 most recent recorded sales traded at a median of $192/SF, so asking sits 125% above the achieved median.
How much does it cost to lease commercial space in Putnam Township?
Asking lease rates in Putnam Township, MI average $13.84 per square foot per year.
Where does Realmo's Putnam Township market data come from?
Realmo compiles Putnam Township, MI figures from 5 recent recorded sales, 23 active sale listings, 12 active lease listings, 298 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 23 active for-sale and 12 active for-lease listings in Putnam 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 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
