Commercial Real Estate Market in Rochester, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
35 active listings and 496 off-market properties in Rochester, MI. Commercial property asks $419/SF to buy (based on 5 listings) and $17.40/SF/Yr to lease (based on 8 listings).
Market Trends
Rochester, MI spans 52.9 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Rochester, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Rochester, MI has a median asking sale price of $333/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Rochester, 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 69.6%
- Open space 21.9%
- Industrial 4.9%
- Commercial 2.9%
Largest Zones share of zoned land by district
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Rochester Hills | $170 | $16.50 |
| Utica | $189 | $17.90 |
| Shelby Township | $132 | $16.00 |
| Lake Orion | $198 | $21.46 |
Commercial property in Rochester, MI asks $419/SF. The 4 bordering markets run from $132/SF in Shelby Township to $198/SF in Lake Orion, and the city sits above their $179/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Rochester?
How much does it cost to lease commercial space in Rochester?
How does Rochester compare to nearby markets on price?
What zoning applies to commercial property in Rochester?
Where does Realmo's Rochester market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 28 active for-lease listings in Rochester, MI. The medians are based on 5 of the for-sale and 8 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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 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
