Commercial Real Estate Market in Springfield Township, MI

Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31

Market Trends

Springfield Township, MI spans 23.8 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.

Office

Office space in Springfield Township, MI asks $120/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.

Average Sale Price $/SF

Listings

$339 Dec

$348 Jan

$238 Feb

$262 Mar

$196 Apr

$182 May

$126 Jun

$120 Jul

Vacancy Rate % in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Retail

Retail space in Springfield Township, MI asks $175/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.

Average Sale Price $/SF

Listings

$325 Dec

$278 Jan

$186 Feb

$345 Mar

$227 Apr

$204 May

$180 Jun

$175 Jul

Vacancy Rate % in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Industrial

Industrial vacancy in Springfield Township, 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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Multifamily

Multifamily space in Springfield Township, 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

$300 Jan

$219 Mar

$199 Apr

$132 May

$193 Jun

$159 Jul

Vacancy Rate % in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Market overview

Demographics & Economy

Springfield Township, MI has 7,581 residents in 2,893 households. Density runs 318 people per square mile. Median household income here is $108,568 and median gross rent $1,310 a month.

7,581

Population

2,893

Households

2.6

Avg Household Size

Median Age

36%

College-Educated

96%

High-School Grad

23.8 sq mi

ZIP Area

318

Density / Sq Mi

$108,568

Median Household Income

$46,222

Median Earnings

$1,310

Median Rent

$351,600

Median Home Value

Tools

Business Placement

Nearby Markets

Market	Average Sale Price, $/SF	Average Lease Price, $/SF/Yr
Davisburg	—	—
Clarkston	—	$18.32
White Lake	—	—
Holly	—	$18.23

Methodology & data sources

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