Highland, MI
Commercial Real Estate Market Trends & Data

$236 Avg asking sale price
$17 Avg asking lease rate
9,502 SF Avg unit lease size
11,201 SF Avg building size for sale
6.91% Average cap rate

Highland's Demographic Profile

Highland has 7,805 households and a median income of $98,661, 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.

Key Demographic Metric Value
Population 20,128
# Households 7,805
Median age 46
Median household income $98,661
Avg household size 3.0
Renter-occupied housing units 740
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Highland Township, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Highland $281 6,394 SF 8.19%
Milford $321 2,944 SF 8.19%
Hartland $370 13,689 SF 6.38%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Milford $174 41,232 SF 6.50%
White Lake $103 34,000 SF 4.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Highland $159 6,138 SF
Milford $272 11,678 SF
Hartland $155 20,919 SF
White Lake $158 13,020 SF
Davisburg $123 5,226 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Highland $364 12,800 SF 6.16%
Milford $272 19,539 SF 6.16%
Commerce Township $332 16,427 SF 6.16%

Commercial Properties For Sale in Highland

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

Milford Road Redevelopment Opportunity

Highland, MI 48357

  • 1.71 AC Lot
  • 1 Commercial Lot
  • $549,000
For Sale

Milford Village Flats

Milford, MI 48381

  • 12,800 SF Multifamily
  • 6.16% Cap Rate
  • $3,300,000
For Sale

Village Center Mall

Milford, MI 48381

  • 10,626 SF Retail Building
  • $2,000,000
For Sale

13781 Buno Road

Milford, MI 48380

  • 128 AC Lot
  • 1 Residential Income Lot
  • $3,300,000
For Sale

Bldg # 1

Hartland, MI 48353

  • 20,360 SF Office Building
  • 6.38% Cap Rate
  • $950,000
For Sale

1200 Holden Ave

Milford, MI 48381

  • 8,352 SF Industrial Building
  • $2,100,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Land Loan Calculator
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Multifamily Financing Options & Rates
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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Highland $236 11,201 SF
Milford $220 27,797 SF
Hartland $370 23,951 SF
White Lake $150 15,309 SF
Davisburg $123 5,226 SF

Regional Demographic Comparison

This comparison places Highland 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 Highland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Highland 20,128 7,805 46 $98,661 3 740 1%
Milford 6,398 2,782 46 $94,929 2 660 -1%
Hartland 15,776 5,681 43 $98,198 3 667 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Highland Township, 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 Highland

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

Highland 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 Highland?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Highland. 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 Highland?

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

How does Highland compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Highland. 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 Highland acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Highland, 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.

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