Commercial Real Estate Market in Redford, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3,082 active listings and 40,823 off-market properties in Redford, MI. Commercial property asks $77/SF to buy and $20.55/SF/Yr to lease.
Market Trends
Redford, MI spans 13.2 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Redford, MI asks $21.66/SF/Yr to lease and $86/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Redford, MI asks $19.63/SF/Yr to lease and $101/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Redford, 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 Redford, MI asks $69/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
Market overview
Demographics & Economy
Redford, MI has 54,776 residents in 22,197 households. Density runs 4,144 people per square mile. Median household income here is $65,634 and median gross rent $1,345 a month.
54,776
Population
22,197
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,144
Density / Sq Mi
$65,634
Median Household Income
$39,992
Median Earnings
$1,345
Median Rent
$137,636
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Livonia | $77 (county avg) | $14.11 |
| Garden City | $77 (county avg) | $18.35 |
| Inkster | $77 (county avg) | — |
| Dearborn | $77 (county avg) | $17.45 |
Commercial property in Redford, MI asks $77/SF. The 4 bordering markets run from $77/SF in Livonia to $77/SF in Livonia, and the city sits in line with their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Redford?
Commercial property in Redford, MI asks an average of $77 per square foot. Retail carries the highest asking price at $101/SF.
How much does it cost to lease commercial space in Redford?
Asking lease rates in Redford, MI average $20.55 per square foot per year. Office asks $21.66/SF/Yr as of Q2 26, up from $19.11/SF/Yr in Q1 26.
How does Redford compare to nearby markets on price?
Redford, MI asks $77/SF against $77/SF in Livonia, $77/SF in Garden City, $77/SF in Inkster and $77/SF in Dearborn.
Where does Realmo's Redford market data come from?
Realmo compiles Redford, MI figures from 3 recent recorded sales, 2,740 active sale listings, 342 active lease listings, 40,823 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2,740 active for-sale and 342 active for-lease listings in Redford, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
