Commercial Real Estate Market in Romulus, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
132 active listings and 1,972 off-market properties in Romulus, MI. Commercial property asks $74/SF to buy and $9.73/SF/Yr to lease.
Market Trends
Romulus, MI spans 40.8 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Romulus, 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 Romulus, 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 Romulus, 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 Romulus, 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 33.7%
- Residential 32.4%
- Special 25.1%
- Commercial 8.8%
Largest Zones share of zoned land by district
Airport District
Single Family Residential District
Light Industrial District
General Industrial District
Single Family Residential District
Romulus, MI zones 20,955 acres across 18 districts. Commercial zoning covers 8.8% of zoned land, residential 32.4% and industrial 33.7%. The largest single district is Airport District at 25.1%. For commercial buyers the practical constraint is that only 42.5% of land carries a commercial or industrial designation.
Airport District (AP)
District applies to the Detroit Metropolitan Wayne County International Airport (Airport) and is designed to permit those uses, activities, facilities, and structures necessary for the safe and efficient operation of aircraft and for providing the services and facilities required to accommodate passengers and employees of the Airport
Market overview
Demographics & Economy
Romulus, MI has 33,683 residents in 13,124 households. Density runs 826 people per square mile. Median household income here is $65,675 and median gross rent $1,053 a month.
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
Tools
Lease vs Buy Breakeven
At $9.73/SF/Yr lease vs $74/SF buy → buying wins if held > 0.9 years.
The comparison uses county-wide sale comps against Romulus asking rents, so the implied 13.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westland | $74 (county avg) | $15.25 |
| Wayne | $74 (county avg) | $18.05 |
| Belleville | $74 (county avg) | $11.62 |
| Brownstown Township | $74 (county avg) | $14.99 |
Commercial property in Romulus, MI asks $74/SF. The 4 bordering markets run from $74/SF in Westland to $74/SF in Westland, 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 Romulus?
Commercial property in Romulus, 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 Romulus?
Asking lease rates in Romulus, MI average $9.73 per square foot per year.
Is it cheaper to lease or buy commercial space in Romulus?
Buying beats leasing in Romulus, MI if the property is held longer than 0.9 years, comparing $9.73/SF/Yr asking rent with $74/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Romulus compare to nearby markets on price?
Romulus, MI asks $74/SF against $74/SF in Westland, $74/SF in Wayne, $74/SF in Belleville and $74/SF in Brownstown Township.
What zoning applies to commercial property in Romulus?
Romulus, MI zones 20,955 acres across 18 districts, of which 8.8% is commercial and 33.7% industrial. The largest single district is Airport District at 25.1% of zoned land. District applies to the Detroit Metropolitan Wayne County International Airport (Airport) and is designed to permit those uses, activities, facilities, and structures necessary for the safe and efficient operation of aircraft and for providing the services and facilities required to accommodate passengers and employees of the Airport Residential zoning covers 32.4% and open space 0%.
Where does Realmo's Romulus market data come from?
Realmo compiles Romulus, MI figures from 97 active sale listings, 35 active lease listings, 1,972 tracked off-market properties, the current Romulus zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 97 active for-sale and 35 active for-lease listings in Romulus, 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: 20,955 zoned acres across 18 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
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
