Commercial Real Estate Market in Whitmore Lake, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
59 active listings and 396 off-market properties in Whitmore Lake, MI. Commercial property asks $529/SF to buy and $10.25/SF/Yr to lease.
Market Trends
Whitmore Lake, MI spans 34.2 square miles in Livingston County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Whitmore Lake, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Whitmore Lake, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Whitmore Lake, 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 vacancy in Whitmore Lake, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Whitmore Lake, MI has 14,038 residents in 6,196 households. Density runs 411 people per square mile. Median household income here is $82,433 and median gross rent $1,228 a month.
14,038
Population
6,196
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
411
Density / Sq Mi
$82,433
Median Household Income
$48,223
Median Earnings
$1,228
Median Rent
$286,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hamburg | — | — |
| South Lyon | — | $16.24 |
| Northville | $77 (county avg) | $36.75 |
| New Hudson | — | $25.80 |
Commercial property in Whitmore Lake, MI asks $529/SF. That compares with $77/SF in Northville.
Frequently Asked Questions
What is the average price per square foot for commercial property in Whitmore Lake?
Commercial property in Whitmore Lake, MI asks an average of $529 per square foot. The 4 most recent recorded sales traded at a median of $172/SF, so asking sits 207% above the achieved median.
How much does it cost to lease commercial space in Whitmore Lake?
Asking lease rates in Whitmore Lake, MI average $10.25 per square foot per year.
How does Whitmore Lake compare to nearby markets on price?
Whitmore Lake, MI asks $529/SF against $77/SF in Northville. Northville is the cheapest entry point at 85% below Whitmore Lake pricing, with $36.75/SF/Yr asking rents.
Where does Realmo's Whitmore Lake market data come from?
Realmo compiles Whitmore Lake, MI figures from 4 recent recorded sales, 51 active sale listings, 8 active lease listings, 396 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 8 active for-lease listings in Whitmore Lake, 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 30 September 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
