Livonia, MI
Commercial Real Estate Market Trends & Data

$200 Avg asking sale price
$16 Avg asking lease rate
10,044 SF Avg unit lease size
22,468 SF Avg building size for sale
7.13% Average cap rate

Livonia's Demographic Profile

Livonia has 34,691 households and a median income of $94,420, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 84,391
# Households 34,691
Median age 46
Median household income $94,420
Avg household size 2.0
Renter-occupied housing units 4,710
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Livonia, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Livonia $206 17,250 SF 8.49%
Westland $202 10,939 SF 8.49%
Farmington Hills $170 26,821 SF 4.41%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Livonia $169 25,200 SF 7.68%
Westland $166 47,951 SF 8.45%
Farmington Hills $152 17,141 SF 6.25%
Nearby Retail Markets Avg Cost/SF Typical Size
Livonia $230 4,677 SF
Redford $114 10,992 SF
Garden City $278 13,195 SF
Westland $229 8,737 SF
Farmington Hills $222 14,493 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Livonia $246 9,032 SF 6.22%
Westland $161 19,649 SF 8.36%
Northville $412 2,650 SF 8.36%

Commercial Properties For Sale in Livonia

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

27527-27543 Joy Rd

Westland, MI 48185

  • 3,315 SF Office Building
  • $430,000
For Sale

Metro Rebar

Livonia, MI 48150

  • 42,121 SF Industrial Building
  • $3,600,000
For Sale

6232 Executive Dr

Westland, MI 48185

  • 8,136 SF Industrial Building
  • $975,000
For Sale

Ronda Drive Industrial Park

Canton Township, MI

  • Industrial Building
  • 7.68% Cap Rate
  • $11,490,000
For Sale

Dollar Tree

Redford Township, MI 48240

  • 13,428 SF Retail Building
  • 8.15% Cap Rate
  • $1,408,704
For Sale

12675 Berwyn Ave

Redford Township, MI 48239

  • 125,000 SF Industrial Building
  • $4,500,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Livonia $200 22,468 SF
Redford $132 22,998 SF
Garden City $195 11,696 SF
Westland $259 32,128 SF
Farmington Hills $226 21,704 SF

Regional Demographic Comparison

This comparison places Livonia 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 Livonia or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Livonia 84,391 34,691 46 $94,420 2 4,710 -5%
Redford 44,352 17,775 41 $64,565 3 4,920 -5%
Garden City 24,151 9,904 42 $63,619 2 2,061 -5%
Westland 77,481 34,116 41 $58,995 2 14,305 -4%
Farmington Hills 80,187 33,859 43 $96,417 2 13,050 -2%

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

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

Livonia 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 Livonia?

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

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

How does Livonia compare to nearby commercial real estate markets?

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

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