Detroit, MI Commercial Real Estate Market Trends & Data

Detroit commercial properties are averaging $115 per square foot to buy and $266 per square foot to lease, with cap rates near 9.34% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Detroit's Demographic Profile

Detroit has 275,153 households and a median income of $36,942, providing context for rent absorption and tenant demand across retail and multifamily assets. A 1% five-year population trend is a key signal for evaluating long-term demand in this market.

Commercial Real Estate Market Snapshot in Detroit

Use the benchmarks below to set initial underwriting baselines for Detroit, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

The 9.34% average cap rate reflects current return expectations relative to Detroit pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

Office Building Market Metrics Near Detroit

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Retail Property Market Metrics Near Detroit

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Multifamily Property Market Metrics Near Detroit

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Detroit pricing and building scale sit above, below, or in line with surrounding areas.