Commercial Real Estate Market in Wyoming, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
68 active listings and 2,518 off-market properties in Wyoming, MI. Commercial property asks $144/SF to buy and $14.95/SF/Yr to lease.
Market Trends
Wyoming, MI spans 64.0 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Wyoming, MI has a median asking sale price of $249/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Wyoming, MI has a median asking sale price of $146/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Wyoming, MI has a median asking sale price of $189/SF (based on 3 listings). Vacancy 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 Wyoming, MI has a median asking sale price of $145/SF (based on 4 listings). Vacancy 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 62.6%
- Industrial 21.9%
- Planned_development 7.2%
- Commercial 4.3%
- Open space 0.1%
Largest Zones share of zoned land by district
Wyoming, MI zones 15,328 acres across 26 districts. Commercial zoning covers 4.3% of zoned land, residential 62.6%, open space 0.1% and industrial 21.9%. The largest single district is Residential at 28.9%. For commercial buyers the practical constraint is that only 26.2% of land carries a commercial or industrial designation.
R-1 and R-2 residential zoning districts currently require 35 feet minimum front and rear setbacks, unless 25 percent or more of the lots on the block is occupied by buildings, in which case the setback of a property would be the average of its adjacent lots. The City should consider reducing the 35 feet rear setback requirement to allow for single-family ho…
Market overview
Demographics & Economy
Wyoming, MI has 202,821 residents in 83,879 households. Density runs 3,167 people per square mile. Median household income here is $68,170 and median gross rent $1,154 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Jenison | $263 | $17.50 |
| Grandville | $157 | $14.50 |
| Kentwood | $149 | $16.23 |
| Hudsonville | $362 | $18.00 |
Commercial property in Wyoming, MI asks $144/SF. The 4 bordering markets run from $149/SF in Kentwood to $362/SF in Hudsonville, and the city sits below their $210/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Wyoming?
How much does it cost to lease commercial space in Wyoming?
How does Wyoming compare to nearby markets on price?
What zoning applies to commercial property in Wyoming?
Where does Realmo's Wyoming market data come from?
Methodology & data sources
- Asking prices and medians
- There are 36 active for-sale and 32 active for-lease listings in Wyoming, MI. The medians are based on 20 of the for-sale and 25 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: 15,328 zoned acres across 26 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
