Commercial Real Estate Market in Riverview, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
12 active listings and 304 off-market properties in Riverview, MI.
Market Trends
Riverview, MI spans 12.4 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Riverview, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Riverview, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Riverview, 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%.
Multifamily
Multifamily vacancy in Riverview, 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 36.3%
- Industrial 15.2%
- Commercial 3.1%
- Planned_development 2.1%
Largest Zones share of zoned land by district
TE, AND ADOPTION ARTICLE 26 - SEVERABILITY, REPEAL, EFFECTIVE DATE, AND ADOPTION CODE COMPARATIVE TABLE (This content was modified in this version of the code.) modified Section 1.02 - Intent. ARTICLE 3 - R-1, R-2, R-3, R-4, R-5, RM, RM-1, RM-2 and MHP, RESIDENTIAL DISTRICTS ARTICLE 2 - ESTABLISHMENT OF ZONING DISTRICTS Share Link Print Download (docx) Email…
Market overview
Demographics & Economy
Riverview, MI has 41,168 residents in 18,216 households. Density runs 3,308 people per square mile. Median household income here is $69,821 and median gross rent $1,031 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Southgate | $150 | $14.00 |
| Wyandotte | $83 | $17.00 |
| Woodhaven | $75 (county avg) | — |
Across Wayne County, commercial property asks $75/SF. The 2 bordering markets run from $83/SF in Wyandotte to $150/SF in Southgate, and Wayne County sits below their $116/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Riverview?
How does Riverview compare to nearby markets on price?
Where does Realmo's Riverview market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 5 active for-lease listings in Riverview, MI. The sale figure is the Wayne County average, as too few listings here state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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.
- Zoning and land use
- The current municipal zoning release: 2,373 zoned acres across 16 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
