Commercial Real Estate Market in Southfield, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
293 active listings and 1,654 off-market properties in Southfield, MI. Commercial property asks $49/SF to buy and $15.66/SF/Yr to lease.
Market Trends
Southfield, MI spans 27.8 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Southfield, MI asks $16.16/SF/Yr to lease and $142/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Southfield, MI asks $169/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 Southfield, 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 Southfield, MI asks $159/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
- Residential 72.9%
- Commercial 10.9%
- Planned_development 5.4%
- Industrial 3.7%
Largest Zones share of zoned land by district
Single Family
Single Family
Single Family
Single Family
Regional Center
Southfield, MI zones 15,165 acres across 22 districts. Commercial zoning covers 10.9% of zoned land, residential 72.9% and industrial 3.7%. The largest single district is Single Family at 23.1%. For commercial buyers the practical constraint is that only 14.6% of land carries a commercial or industrial designation.
Single Family (R-E)
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Market overview
Demographics & Economy
Southfield, MI has 80,716 residents in 39,605 households. Density runs 2,906 people per square mile. Median household income here is $69,295 and median gross rent $1,327 a month.
80,716
Population
39,605
Households
2
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
27.8 sq mi
ZIP Area
2,906
Density / Sq Mi
$69,295
Median Household Income
$45,388
Median Earnings
$1,327
Median Rent
$231,553
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farmington Hills | — | $16.26 |
| Lathrup Village | — | $18.08 |
| Farmington | — | $20.08 |
Commercial property in Southfield, MI asks $49/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Southfield?
Commercial property in Southfield, MI asks an average of $49 per square foot. The 5 most recent recorded sales traded at a median of $64/SF. Retail carries the highest asking price at $169/SF.
How much does it cost to lease commercial space in Southfield?
Asking lease rates in Southfield, MI average $15.66 per square foot per year. Office asks $16.16/SF/Yr as of Q2 26, little changed from $15.97/SF/Yr in Q1 26.
What zoning applies to commercial property in Southfield?
Southfield, MI zones 15,165 acres across 22 districts, of which 10.9% is commercial and 3.7% industrial. The largest single district is Single Family at 23.1% of zoned land. The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses Residential zoning covers 72.9% and open space 0%.
Where does Realmo's Southfield market data come from?
Realmo compiles Southfield, MI figures from 6 recent recorded sales, 135 active sale listings, 158 active lease listings, 1,654 tracked off-market properties, the current Southfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 135 active for-sale and 158 active for-lease listings in Southfield, 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.
- 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: 15,165 zoned acres across 22 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 30 September 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 30 September 2026 · report a data issue
