Commercial Real Estate Market in Southgate, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 912 off-market properties in Southgate, MI. Commercial property asks $74/SF to buy and $15.63/SF/Yr to lease.
Market Trends
Southgate, MI spans 6.9 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Southgate, 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 Southgate, 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 Southgate, 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 Southgate, 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
- Residential 90.4%
- Planned_development 5.2%
- Commercial 3.7%
- Industrial 0.6%
- Open space 0%
Largest Zones share of zoned land by district
One Family Residential
One Family Residential
One Family Residential
Residential Estate
Planned Development
Southgate, MI zones 1,684 acres across 14 districts. Commercial zoning covers 3.7% of zoned land, residential 90.4%, open space 0% and industrial 0.6%. The largest single district is One Family Residential at 57.4%. For commercial buyers the practical constraint is that only 4.3% of land carries a commercial or industrial designation.
One Family Residential (R-1A)
X - Zoning Code CHAPTER 1260 General Provisions and Definitions CHAPTER 1262 Administration, Enforcement and Penalty CHAPTER 1264 Board of Zoning Appeals CHAPTER 1266 Districts Generally and Zoning Map CHAPTER 1268 R-1, R-1A and R-1B One-Family Residential Districts CHAPTER 1270 R-2 Two-Family Residential Districts CHAPTER 1272 RM Multiple-Family Residential…
Market overview
Demographics & Economy
Southgate, MI has 30,014 residents in 13,033 households. Density runs 4,366 people per square mile. Median household income here is $64,635 and median gross rent $1,102 a month.
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,366
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincoln Park | $74 (county avg) | $14.53 |
| Wyandotte | $74 (county avg) | $14.00 |
| Riverview | $74 (county avg) | — |
| Allen Park | $74 (county avg) | — |
Commercial property in Southgate, MI asks $74/SF. The 4 bordering markets run from $74/SF in Lincoln Park to $74/SF in Lincoln Park, 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 Southgate?
Commercial property in Southgate, MI asks an average of $74 per square foot. The 4 most recent recorded sales traded at a median of $66/SF, so asking sits 13% above the achieved median. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Southgate?
Asking lease rates in Southgate, MI average $15.63 per square foot per year.
How does Southgate compare to nearby markets on price?
Southgate, MI asks $74/SF against $74/SF in Lincoln Park, $74/SF in Wyandotte, $74/SF in Riverview and $74/SF in Allen Park.
What zoning applies to commercial property in Southgate?
Southgate, MI zones 1,684 acres across 14 districts, of which 3.7% is commercial and 0.6% industrial. The largest single district is One Family Residential at 57.4% of zoned land. Residential zoning covers 90.4% and open space 0%.
Where does Realmo's Southgate market data come from?
Realmo compiles Southgate, MI figures from 5 recent recorded sales, 38 active sale listings, 35 active lease listings, 912 tracked off-market properties, the current Southgate zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 35 active for-lease listings in Southgate, 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: 1,684 zoned acres across 14 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
