Commercial Real Estate Market in Romeo, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 321 off-market properties in Romeo, MI.
Market Trends
Romeo, MI spans 37.4 square miles in Macomb County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Romeo, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Romeo, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Romeo, 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 Romeo, 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
- Industrial 50.2%
- Residential 45%
- Commercial 3%
Largest Zones share of zoned land by district
Romeo, MI zones 2,360 acres across 7 districts. Commercial zoning covers 3% of zoned land, residential 45% and industrial 50.2%. The largest single district is Industrial at 50.2%. For commercial buyers the practical constraint is that only 53.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Romeo, MI has 11,228 residents in 4,672 households. Density runs 300 people per square mile. Median household income here is $104,348 and median gross rent $1,047 a month.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Romeo?
What zoning applies to commercial property in Romeo?
Where does Realmo's Romeo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 7 active for-lease listings in Romeo, MI. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a 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: 2,360 zoned acres across 7 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
