Commercial Real Estate Market in Walled Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 352 off-market properties in Walled Lake, MI. Commercial property asks $35/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Walled Lake, MI spans 12.5 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Walled Lake, 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
Vacancy Rate % in Midwest region
Retail
Retail space in Walled Lake, 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
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Walled Lake, 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 Walled Lake, 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
Market overview
Demographics & Economy
Walled Lake, MI has 24,273 residents in 10,995 households. Density runs 1,946 people per square mile. Median household income here is $89,411 and median gross rent $1,575 a month.
24,273
Population
10,995
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,946
Density / Sq Mi
$89,411
Median Household Income
$53,442
Median Earnings
$1,575
Median Rent
$287,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wixom | — | $12.47 |
| Commerce Township | — | $18.38 |
| Novi | — | $17.06 |
| Novi Township | — | — |
Commercial property in Walled Lake, MI asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walled Lake?
Commercial property in Walled Lake, MI asks an average of $35 per square foot. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Walled Lake?
Asking lease rates in Walled Lake, MI average $15.50 per square foot per year.
Where does Realmo's Walled Lake market data come from?
Realmo compiles Walled Lake, MI figures from 4 recent recorded sales, 37 active sale listings, 15 active lease listings, 352 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 37 active for-sale and 15 active for-lease listings in Walled Lake, 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
