Commercial Real Estate Market in Waterford, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
82 active listings and 1,779 off-market properties in Waterford, MI. Commercial property asks $128/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Waterford, MI spans 30.5 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Waterford, MI has a median asking sale price of $131/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Waterford, MI has a median asking sale price of $107/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Waterford, MI has a median asking sale price of $192/SF (based on 4 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Auburn Hills | $127 | $12.50 |
| Clarkston | $298 | $20.00 |
| Pontiac | $126 | $12.00 |
Commercial property in Waterford, MI asks $128/SF. The 3 bordering markets run from $126/SF in Pontiac to $298/SF in Clarkston, and the city sits in line with their $127/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Waterford?
How much does it cost to lease commercial space in Waterford?
How does Waterford compare to nearby markets on price?
Where does Realmo's Waterford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 40 active for-sale and 42 active for-lease listings in Waterford, MI. The medians are based on 21 of the for-sale and 12 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
