Commercial Real Estate Market in Wayne, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 633 off-market properties in Wayne, MI. Commercial property asks $74/SF to buy and $18.05/SF/Yr to lease.
Market Trends
Wayne, MI spans 7.2 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wayne, MI asks $89/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 Wayne, MI asks $78/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 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Wayne, MI asks $61/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
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
River Valley
Mixed Use
Industrial Business
Heavy Industrial
One Family Residential
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.
17,776
Population
7,739
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
2,469
Density / Sq Mi
$54,572
Median Household Income
$36,548
Median Earnings
$924
Median Rent
$142,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westland | $74 (county avg) | $15.25 |
| Inkster | $74 (county avg) | — |
| Romulus | $74 (county avg) | $9.73 |
| Garden City | $74 (county avg) | $18.12 |
Commercial property in Wayne, MI asks $74/SF. The 4 bordering markets run from $74/SF in Westland to $74/SF in Westland, and the city sits in line with their $74/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wayne?
Commercial property in Wayne, MI asks an average of $74 per square foot. The 3 most recent recorded sales traded at a median of $52/SF, so asking sits 43% above the achieved median. Office carries the highest asking price at $89/SF.
How much does it cost to lease commercial space in Wayne?
Asking lease rates in Wayne, MI average $18.05 per square foot per year.
How does Wayne compare to nearby markets on price?
Wayne, MI asks $74/SF against $74/SF in Westland, $74/SF in Inkster, $74/SF in Romulus and $74/SF in Garden City.
Where does Realmo's Wayne market data come from?
Realmo compiles Wayne, MI figures from 5 recent recorded sales, 27 active sale listings, 20 active lease listings, 633 tracked off-market properties, the current Wayne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 20 active for-lease listings in Wayne, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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 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
