Commercial Real Estate Market in Wayne, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
34 active listings and 633 off-market properties in Wayne, MI. Commercial property asks $100/SF to buy and $12.74/SF/Yr to lease.
Market Trends
Wayne, MI spans 7.2 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wayne, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Wayne, MI has a median asking sale price of $109/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Wayne, 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 Wayne, 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
- Industrial 32.6%
- Mixed use 19.5%
- Residential 17.9%
- Commercial 2%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Market overview
Demographics & Economy
Wayne, MI has 17,776 residents in 7,739 households. Density runs 2,469 people per square mile. Median household income here is $54,572 and median gross rent $924 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Westland | $114 | $15.00 |
| Inkster | $82 | — |
| Romulus | $169 | $16.34 |
| Garden City | $179 | $14.65 |
Commercial property in Wayne, MI asks $100/SF. The 4 bordering markets run from $82/SF in Inkster to $179/SF in Garden City, and the city sits below their $141/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Wayne?
How much does it cost to lease commercial space in Wayne?
How does Wayne compare to nearby markets on price?
Where does Realmo's Wayne market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 21 active for-lease listings in Wayne, MI. The medians are based on 11 of the for-sale and 13 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: 1,159 zoned acres across 15 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
