Commercial Real Estate Market in Shelby Twp, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
96 active listings and 1,981 off-market properties in Shelby Twp, MI. Commercial property asks $123/SF to buy and $16.45/SF/Yr to lease.
Market Trends
Shelby Twp, MI spans 36.2 square miles in Macomb County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Macomb County, office space asks $114/SF to buy. Office vacancy in Shelby Twp, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Across Macomb County, retail space asks $100/SF to buy. Retail vacancy in Shelby Twp, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Shelby Twp, 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
Across Macomb County, multifamily space asks $130/SF to buy. Multifamily vacancy in Shelby Twp, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Shelby Twp, MI has 84,653 residents in 36,139 households. Density runs 2,341 people per square mile. Median household income here is $91,182 and median gross rent $1,262 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Shelby Township | $123 | $16.45 |
| Utica | $226 | $18.45 |
| Macomb Township | $122 | $18.77 |
| Washington Township | $218 | $18.00 |
Commercial property in Shelby Twp, MI asks $123/SF. The 4 bordering markets run from $122/SF in Macomb Township to $226/SF in Utica, and the city sits below their $171/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Shelby Twp?
How much does it cost to lease commercial space in Shelby Twp?
How does Shelby Twp compare to nearby markets on price?
Where does Realmo's Shelby Twp market data come from?
Methodology & data sources
- Asking prices and medians
- There are 24 active for-sale and 72 active for-lease listings in Shelby Twp, MI. The medians are based on 12 of the for-sale and 57 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.
- 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
