Commercial Real Estate Market in Reading, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 207 off-market properties in Reading, MI.
Market Trends
Reading, MI spans 61.7 square miles in Hillsdale County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Reading, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Reading, MI asks $82/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 Reading, 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 Reading, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.3%
- Industrial 16.5%
- Commercial 4.2%
Largest Zones share of zoned land by district
Low Density Residential District
Industrial District
Moderate Density Residential District
Highway Commercial District
Central Business District
Reading, MI zones 639 acres across 5 districts. Commercial zoning covers 4.2% of zoned land, residential 79.3% and industrial 16.5%. The largest single district is Low Density Residential District at 73.8%. For commercial buyers the practical constraint is that only 20.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Reading, MI has 3,699 residents in 1,956 households. Density runs 60 people per square mile. Median household income here is $56,125 and median gross rent $742 a month.
3,699
Population
1,956
Households
1.9
Avg Household Size
41
Median Age
21%
College-Educated
88%
High-School Grad
61.7 sq mi
ZIP Area
60
Density / Sq Mi
$56,125
Median Household Income
$40,020
Median Earnings
$742
Median Rent
$160,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montgomery | — | — |
| Camden | — | — |
| Long Lake | — | — |
| Hillsdale | — | — |
Commercial property in Reading, MI asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Reading?
Commercial property in Reading, MI asks an average of $2 per square foot. Retail carries the highest asking price at $82/SF.
What zoning applies to commercial property in Reading?
Reading, MI zones 639 acres across 5 districts, of which 4.2% is commercial and 16.5% industrial. The largest single district is Low Density Residential District at 73.8% of zoned land. Residential zoning covers 79.3% and open space 0%.
Where does Realmo's Reading market data come from?
Realmo compiles Reading, MI figures from 3 recent recorded sales, 20 active sale listings, 207 tracked off-market properties, the current Reading zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Reading, 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.
- Zoning and land use
- The current municipal zoning release: 639 zoned acres across 5 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
