Commercial Real Estate Market in Spring Arbor, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 99 off-market properties in Spring Arbor, MI. Commercial property asks $210/SF to buy and $11.30/SF/Yr to lease.
Market Trends
Spring Arbor, MI spans 14.5 square miles in Jackson County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Spring Arbor, MI asks $94/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 Spring Arbor, MI asks $105/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 Spring Arbor, 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 Spring Arbor, MI asks $77/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
Market overview
Demographics & Economy
Spring Arbor, MI has 4,401 residents in 1,383 households. Density runs 304 people per square mile. Median household income here is $93,821 and median gross rent $1,253 a month.
4,401
Population
1,383
Households
3.2
Avg Household Size
29
Median Age
34%
College-Educated
97%
High-School Grad
14.5 sq mi
ZIP Area
304
Density / Sq Mi
$93,821
Median Household Income
$21,250
Median Earnings
$1,253
Median Rent
$206,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Concord | — | — |
| Parma | — | — |
| Horton | — | — |
| Hanover | — | — |
Commercial property in Spring Arbor, MI asks $210/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spring Arbor?
Commercial property in Spring Arbor, MI asks an average of $210 per square foot. The 6 most recent recorded sales traded at a median of $114/SF, so asking sits 84% above the achieved median. Retail carries the highest asking price at $105/SF.
How much does it cost to lease commercial space in Spring Arbor?
Asking lease rates in Spring Arbor, MI average $11.30 per square foot per year.
Where does Realmo's Spring Arbor market data come from?
Realmo compiles Spring Arbor, MI figures from 7 recent recorded sales, 7 active sale listings, 10 active lease listings, 99 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 10 active for-lease listings in Spring Arbor, 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.
- 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
