Commercial Real Estate Market in Ypsilanti, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
216 active listings and 2,061 off-market properties in Ypsilanti, MI. Commercial property asks $28/SF to buy and $21.81/SF/Yr to lease.
Market Trends
Ypsilanti, MI spans 74.6 square miles in Washtenaw County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ypsilanti, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Ypsilanti, MI asks $399/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 Ypsilanti, 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 Ypsilanti, MI asks $202/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 38%
- Civic 15.2%
- Open space 9%
- Industrial 8.8%
- Commercial 3.8%
- Special 2%
Largest Zones share of zoned land by district
Single Family Residential
Eastern Michigan University
Park
Production Manufacturing Distribution
Core Neighborhood
Market overview
Demographics & Economy
Ypsilanti, MI has 107,962 residents in 46,028 households. Density runs 1,447 people per square mile. Median household income here is $68,228 and median gross rent $1,201 a month.
107,962
Population
46,028
Households
2.3
Avg Household Size
34
Median Age
42%
College-Educated
93%
High-School Grad
74.6 sq mi
ZIP Area
1,447
Density / Sq Mi
$68,228
Median Household Income
$38,333
Median Earnings
$1,201
Median Rent
$238,547
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Belleville | $77 (county avg) | $12.03 |
| Plymouth | $77 (county avg) | $18.75 |
| Northville | $77 (county avg) | $36.75 |
Commercial property in Ypsilanti, MI asks $28/SF. The 3 bordering markets run from $77/SF in Belleville to $77/SF in Belleville, and the city sits below their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ypsilanti?
Commercial property in Ypsilanti, MI asks an average of $28 per square foot. The 3 most recent recorded sales traded at a median of $238/SF. Retail carries the highest asking price at $399/SF.
How much does it cost to lease commercial space in Ypsilanti?
Asking lease rates in Ypsilanti, MI average $21.81 per square foot per year.
How does Ypsilanti compare to nearby markets on price?
Ypsilanti, MI asks $28/SF against $77/SF in Belleville, $77/SF in Plymouth and $77/SF in Northville.
Where does Realmo's Ypsilanti market data come from?
Realmo compiles Ypsilanti, MI figures from 4 recent recorded sales, 164 active sale listings, 52 active lease listings, 2,061 tracked off-market properties, the current Ypsilanti zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 164 active for-sale and 52 active for-lease listings in Ypsilanti, 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: 2,691 zoned acres across 13 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 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 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 30 September 2026 · report a data issue
