Commercial Real Estate Market in Waterford, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
148 active listings and 1,779 off-market properties in Waterford, MI. Commercial property asks $47/SF to buy and $16.20/SF/Yr to lease.
Market Trends
Waterford, MI spans 30.5 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Waterford, 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 Waterford, 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 Waterford, 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 Waterford, 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
Waterford, MI has 70,380 residents in 32,051 households. Density runs 2,305 people per square mile. Median household income here is $77,103 and median gross rent $1,144 a month.
70,380
Population
32,051
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
30.5 sq mi
ZIP Area
2,305
Density / Sq Mi
$77,103
Median Household Income
$45,718
Median Earnings
$1,144
Median Rent
$232,475
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waterford Township | — | $10.64 |
| Union Lake | — | — |
| Keego Harbor | — | $14.80 |
| Sylvan Lake | — | $13.00 |
Commercial property in Waterford, MI asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waterford?
Commercial property in Waterford, MI asks an average of $47 per square foot. The 3 most recent recorded sales traded at a median of $653/SF. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Waterford?
Asking lease rates in Waterford, MI average $16.20 per square foot per year.
Where does Realmo's Waterford market data come from?
Realmo compiles Waterford, MI figures from 3 recent recorded sales, 104 active sale listings, 44 active lease listings, 1,779 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 104 active for-sale and 44 active for-lease listings in Waterford, 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
