Commercial Real Estate Market in Wyoming, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 2,518 off-market properties in Wyoming, MI. Commercial property asks $291/SF to buy and $16.07/SF/Yr to lease.
Market Trends
Wyoming, MI spans 64.0 square miles in Kent County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wyoming, MI asks $147/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 Wyoming, MI asks $206/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 Wyoming, 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 Wyoming, MI asks $162/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
- 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
Residential
Residential
General Industrial
Light Industrial
Estate Residential
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.
Residential (R-2)
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.
202,821
Population
83,879
Households
2.4
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
64 sq mi
ZIP Area
3,167
Density / Sq Mi
$68,170
Median Household Income
$39,783
Median Earnings
$1,154
Median Rent
$222,949
Median Home Value
Tools
Lease vs Buy Breakeven
At $16.07/SF/Yr lease vs $291/SF buy → buying wins if held > 7 years.
At a 5.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jenison | — | $18.57 |
| Grandville | — | $15.39 |
| Jamestown | — | — |
| Byron Township | — | $21.30 |
Commercial property in Wyoming, MI asks $291/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wyoming?
Commercial property in Wyoming, MI asks an average of $291 per square foot. Retail carries the highest asking price at $206/SF.
How much does it cost to lease commercial space in Wyoming?
Asking lease rates in Wyoming, MI average $16.07 per square foot per year.
Is it cheaper to lease or buy commercial space in Wyoming?
Buying beats leasing in Wyoming, MI if the property is held longer than 7.0 years, comparing $16.07/SF/Yr asking rent with $291/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Wyoming?
Wyoming, MI zones 15,328 acres across 26 districts, of which 4.3% is commercial and 21.9% industrial. The largest single district is Residential at 28.9% of zoned land. 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… Residential zoning covers 62.6% and open space 0.1%.
Where does Realmo's Wyoming market data come from?
Realmo compiles Wyoming, MI figures from 48 active sale listings, 32 active lease listings, 2,518 tracked off-market properties, the current Wyoming zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 32 active for-lease listings in Wyoming, 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.
- 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 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
