Commercial Real Estate Market in Rockwood, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 133 off-market properties in Rockwood, MI. Commercial property asks $74/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Rockwood, MI spans 11.9 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Rockwood, MI asks $89/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 Rockwood, MI asks $78/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 Rockwood, 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 Rockwood, MI asks $61/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
- Industrial 38%
- Residential 30.4%
- Commercial 2.7%
- Open space 0.8%
Largest Zones share of zoned land by district
Natural Resources
Industrial
Industrial
Single Family Residential
Single Family Residential
Rockwood, MI zones 2,242 acres across 16 districts. Commercial zoning covers 2.7% of zoned land, residential 30.4%, open space 0.8% and industrial 38%. The largest single district is Natural Resources at 26.3%. For commercial buyers the practical constraint is that only 40.7% of land carries a commercial or industrial designation.
Natural Resources (NR-1)
Updated November 3, 2008 Article 17: NR-1 Natural Resources District City of Rockwood Zoning Ordinance Page 17 - 3 Resources (MDNR) for the property and that restoration plan remains in full force and effect. So as to assure restoration of the natural resources area as proposed, the City may require the petitioner to deposit with the Clerk cash, a certified…
Market overview
Demographics & Economy
Rockwood, MI has 13,443 residents in 5,391 households. Density runs 1,128 people per square mile. Median household income here is $90,510 and median gross rent $1,130 a month.
13,443
Population
5,391
Households
2.5
Avg Household Size
42
Median Age
24%
College-Educated
94%
High-School Grad
11.9 sq mi
ZIP Area
1,128
Density / Sq Mi
$90,510
Median Household Income
$55,163
Median Earnings
$1,130
Median Rent
$232,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Flat Rock | $74 (county avg) | $9.89 |
| Gibraltar | $74 (county avg) | — |
| Woodhaven | $74 (county avg) | — |
| Hickory Isle | $74 (county avg) | — |
Commercial property in Rockwood, MI asks $74/SF. The 4 bordering markets run from $74/SF in Flat Rock to $74/SF in Flat Rock, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rockwood?
Commercial property in Rockwood, MI asks an average of $74 per square foot. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Rockwood?
Asking lease rates in Rockwood, MI average $12.00 per square foot per year.
How does Rockwood compare to nearby markets on price?
Rockwood, MI asks $74/SF against $74/SF in Flat Rock, $74/SF in Gibraltar, $74/SF in Woodhaven and $74/SF in Hickory Isle.
What zoning applies to commercial property in Rockwood?
Rockwood, MI zones 2,242 acres across 16 districts, of which 2.7% is commercial and 38% industrial. The largest single district is Natural Resources at 26.3% of zoned land. Updated November 3, 2008 Article 17: NR-1 Natural Resources District City of Rockwood Zoning Ordinance Page 17 - 3 Resources (MDNR) for the property and that restoration plan remains in full force and effect. So as to assure restoration of the natural resources area as proposed, the City may require the petitioner to deposit with the Clerk cash, a certified… Residential zoning covers 30.4% and open space 0.8%.
Where does Realmo's Rockwood market data come from?
Realmo compiles Rockwood, MI figures from 2 recent recorded sales, 4 active sale listings, 2 active lease listings, 133 tracked off-market properties, the current Rockwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 2 active for-lease listings in Rockwood, 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.
- Zoning and land use
- The current municipal zoning release: 2,242 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
