Commercial Real Estate Market in Rochester, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 496 off-market properties in Rochester, MI. Commercial property asks $300/SF to buy and $23.48/SF/Yr to lease.
Market Trends
Rochester, MI spans 52.9 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Rochester, MI asks $120/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 space in Rochester, MI asks $175/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 Rochester, 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 Rochester, MI asks $159/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.6%
- Open space 21.9%
- Industrial 4.9%
- Commercial 2.9%
Largest Zones share of zoned land by district
One Family Residential
Research Park
One Family Residential
Multiple Family Residential
Industrial 2
Rochester, MI zones 3,400 acres across 16 districts. Commercial zoning covers 2.9% of zoned land, residential 69.6%, open space 21.9% and industrial 4.9%. The largest single district is One Family Residential at 51.3%. For commercial buyers the practical constraint is that only 7.7% of land carries a commercial or industrial designation.
Multiple Family Residential (RM-1)
Rochester, Michigan, Zoning - RM-1 MULTIPLE-FAMILY RESIDENTIAL/MIXED RESIDENTIAL DISTRICT Page 1 of 37 February 24, 2025 ARTICLE 8. RM-1 - MULTIPLE-FAMILY RESIDENTIAL/MIXED RESIDENTIAL DISTRICT Sec. 800. Intent. (a) By allowing a mix of residential dwellings, this district is intended to contribute to the diversification of the community's housing. RM-1/Mixe…
Market overview
Demographics & Economy
Rochester, MI has 104,669 residents in 41,330 households. Density runs 1,980 people per square mile. Median household income here is $125,363 and median gross rent $1,577 a month.
104,669
Population
41,330
Households
2.5
Avg Household Size
41
Median Age
63%
College-Educated
97%
High-School Grad
52.9 sq mi
ZIP Area
1,980
Density / Sq Mi
$125,363
Median Household Income
$66,867
Median Earnings
$1,577
Median Rent
$401,492
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rochester Hills | — | $17.36 |
| Utica | — | $28.46 |
| Shelby Township | — | — |
| Washington Township | — | — |
Commercial property in Rochester, MI asks $300/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rochester?
Commercial property in Rochester, MI asks an average of $300 per square foot. The 3 most recent recorded sales traded at a median of $247/SF, so asking sits 22% above the achieved median. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Rochester?
Asking lease rates in Rochester, MI average $23.48 per square foot per year.
What zoning applies to commercial property in Rochester?
Rochester, MI zones 3,400 acres across 16 districts, of which 2.9% is commercial and 4.9% industrial. The largest single district is One Family Residential at 51.3% of zoned land. Residential zoning covers 69.6% and open space 21.9%.
Where does Realmo's Rochester market data come from?
Realmo compiles Rochester, MI figures from 3 recent recorded sales, 40 active sale listings, 23 active lease listings, 496 tracked off-market properties, the current Rochester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 40 active for-sale and 23 active for-lease listings in Rochester, 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: 3,400 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 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
