Commercial Real Estate Market in Wayland, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
12 active listings and 570 off-market properties in Wayland, MI. Commercial property asks $119/SF to buy (based on 3 listings) and $11.25/SF/Yr to lease (based on 5 listings).
Market Trends
Wayland, MI spans 65.7 square miles in Allegan County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wayland, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Wayland, MI has a median asking sale price of $119/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Wayland, 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 vacancy in Wayland, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.9%
- Industrial 25.1%
- Commercial 20.6%
- Civic 1.3%
Largest Zones share of zoned land by district
Wayland, MI zones 1,893 acres across 16 districts. Commercial zoning covers 20.6% of zoned land, residential 52.9% and industrial 25.1%. The largest single district is Residential Agricultural at 21.7%. For commercial buyers the practical constraint is that only 45.7% of land carries a commercial or industrial designation.
The R-1 zoning district is typically a single-family housing area. While most of the developed portion of the city is served with utilities, the low density status is designed to preserve those areas which have developed strictly as single-family detached units on separate lots.
Market overview
Demographics & Economy
Wayland, MI has 14,989 residents in 5,629 households. Density runs 228 people per square mile. Median household income here is $79,267 and median gross rent $1,123 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Wayland?
How much does it cost to lease commercial space in Wayland?
What zoning applies to commercial property in Wayland?
Where does Realmo's Wayland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 4 active for-sale and 8 active for-lease listings in Wayland, MI. The medians are based on 3 of the for-sale and 5 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.
- Zoning and land use
- The current municipal zoning release: 1,893 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
