Commercial Real Estate Market in Reed City, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
41 active listings and 448 off-market properties in Reed City, MI.
Market Trends
Reed City, MI spans 126.7 square miles in Osceola County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Reed City, MI asks $73/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 vacancy in Reed City, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Reed City, 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 Reed City, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Reed City, MI has 6,787 residents in 3,452 households. Density runs 54 people per square mile. Median household income here is $58,829 and median gross rent $713 a month.
6,787
Population
3,452
Households
2
Avg Household Size
42
Median Age
17%
College-Educated
87%
High-School Grad
126.7 sq mi
ZIP Area
54
Density / Sq Mi
$58,829
Median Household Income
$37,421
Median Earnings
$713
Median Rent
$122,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hersey | — | — |
| Chase | — | — |
| Paris | — | — |
| Leroy | — | — |
Commercial property in Reed City, MI asks $62/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Reed City?
Commercial property in Reed City, MI asks an average of $62 per square foot. Office carries the highest asking price at $73/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 0 active for-lease listings in Reed City, 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 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
