Farmington Hills, MI
Commercial Real Estate Market Trends & Data

$276 Avg asking sale price
$17 Avg asking lease rate
10,184 SF Avg unit lease size
21,450 SF Avg building size for sale
6.55% Average cap rate

Farmington Hills's Demographic Profile

Farmington Hills has 33,859 households and a median income of $96,417, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 80,187
# Households 33,859
Median age 43
Median household income $96,417
Avg household size 2.0
Renter-occupied housing units 13,050
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Farmington Hills, MI

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Farmington Hills $170 26,821 SF 4.41%
Farmington $166 10,478 SF 4.41%
Southfield $216 53,732 SF 10.02%
Novi $309 33,875 SF 5.18%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Farmington Hills $152 17,219 SF 6.25%
Southfield $93 28,211 SF 10.27%
Novi $163 46,078 SF 7.59%
Livonia $168 25,829 SF 7.68%
Nearby Retail Markets Avg Cost/SF Typical Size
Farmington Hills $245 16,004 SF
Farmington $195 10,773 SF
Southfield $216 9,913 SF
Novi $298 10,981 SF
Livonia $235 4,269 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Southfield $160 17,839 SF 6.73%
Livonia $246 9,032 SF 6.22%

Commercial Properties For Sale in Farmington Hills

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Extreme Loans

Southfield, MI 48034

  • 21,990 SF Office Building
  • $3,500,000
For Sale

Two Property Portfolio

Farmington Hills, MI

  • Flex Building
  • $525,000
For Sale

31168 W Eight Mile Rd

Farmington Hills, MI 48336

  • 5,000 SF Industrial Building
  • $775,000
For Sale

32424 Eight Mile Rd

Farmington Hills, MI 48336

  • 3,200 SF Industrial Building
  • $416,000
For Sale

Cambridge Office Building

Farmington Hills, MI 48336

  • 20,000 SF Office Building
  • $429,000
For Sale

32315 Grand River Ave

Farmington, MI 48336

  • 11,736 SF Retail Building
  • $1,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

5 Key Questions About Note/Loan Sales, Answered
5 Key Questions About Note/Loan Sales, Answered
An Expert Broker Provides Guidance on Advantages, Disadvantages and Expected Returns
What is a Multifamily Home?
What is a Multifamily Home?
What is a multifamily home? Clear definition, types, how small assets differ from large for financing, metrics, plus basics of zoning, fair housing, and risks.
The Best Cities for Office Investing in 2026
The Best Cities for Office Investing in 2026
A data-driven ranking of 50 U.S. markets scored on yield, inventory, office employment trends, and building quality.
Understanding Your Property’s Walk Score
Understanding Your Property’s Walk Score
Learn about the Amenities, Data and Calculations Used to Generate Your Property’s Walk Score
Loan to Value
Loan to Value
Breaking down the loan to value concept, its calculations, and strategic financing options to enhance investment decisions in commercial real estate.
Internal Rate of Return
Internal Rate of Return
Clarifying IRR concepts, outlines calculation methods, and examining its application in commercial real estate to guide your investment decisions.
Operating Expenses in CRE
Operating Expenses in CRE
Learn how operating expenses affect net operating income and property value, how to benchmark your costs against market standards, and proven strategies to reduce expenses across different property types and lease structures.
Land Loans 101
Land Loans 101
Key Considerations When Applying for a Land Loan

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Farmington Hills $276 21,450 SF
Farmington $150 9,774 SF
Bingham Farms $139 4,500 SF
Southfield $209 34,021 SF
Novi $235 36,841 SF

Regional Demographic Comparison

This comparison places Farmington Hills alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Farmington Hills or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Farmington Hills 80,187 33,859 43 $96,417 2 13,050 -2%
Farmington 10,272 4,693 41 $90,941 2 2,015 -4%
Bingham Farms 1,105 457 58 $187,499 2 20 -1%
Southfield 74,634 34,068 44 $61,070 2 17,345 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Farmington Hills, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Farmington Hills

View All Commercial Real Estate For Sale in Farmington Hills
Is Farmington Hills a good market for a first-time commercial real estate investor?

Farmington Hills offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Farmington Hills?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Farmington Hills. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Farmington Hills?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Farmington Hills. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Farmington Hills compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Farmington Hills. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Farmington Hills acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Farmington Hills, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends