Redford, MI
Commercial Real Estate Market Trends & Data

$137 Avg asking sale price
$10 Avg asking lease rate
12,342 SF Avg unit lease size
25,002 SF Avg building size for sale

Redford's Demographic Profile

Redford has 17,775 households and a median income of $64,565, 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 44,352
# Households 17,775
Median age 41
Median household income $64,565
Avg household size 3.0
Renter-occupied housing units 4,920
5-year population change -5%

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

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Livonia $206 18,454 SF 8.49%
Southfield $152 55,058 SF 11.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Livonia $170 16,971 SF 7.50%
Garden City $84 14,806 SF 7.50%
Dearborn Heights $146 130,721 SF 8.45%
Southfield $92 32,103 SF 10.27%
Nearby Retail Markets Avg Cost/SF Typical Size
Redford $134 11,545 SF
Livonia $228 4,462 SF
Garden City $425 9,147 SF
Dearborn Heights $186 4,315 SF
Southfield $228 10,122 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Livonia $246 9,032 SF 6.22%
Dearborn $78 51,080 SF 10.00%
Westland $171 21,847 SF 8.36%

Commercial Properties For Sale in Redford

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

12675 Berwyn Ave

Redford Township, MI 48239

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

24737 W 8 Mile Rd

Detroit, MI 48219

  • 2,613 SF Retail Building
  • $1,600,000
For Sale

21375 Telegraph Rd

Southfield, MI 48033

  • 35,582 SF Industrial Building
  • $4,300,000
For Sale

Middlebelt Square Shopping Plaza

Livonia, MI 48150

  • 9,710 SF Office Building
  • $1,550,000
For Sale

26032 5 Mile Rd

Redford Township, MI 48239

  • 3,300 SF Retail Building
  • $350,000
For Sale

15210 Middlebelt Rd

Livonia, MI 48154

  • 3,300 SF Retail Building
  • $299,900

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

The 3 Most Common Types of Commercial Leases
The 3 Most Common Types of Commercial Leases
Understanding Gross, Net, and Percentage Lease Structures and Their Impact on Your Business
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Office Space Calculator
Office Space Calculator
Estimate How Much Space Your Team Really Needs
How to Buy a Church Building
How to Buy a Church Building
Learn the essential steps for evaluating, purchasing, and converting religious facilities into profitable investments
Balloon Payment Calculator
Balloon Payment Calculator
Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.
Types of Commercial Real Estate Investment Properties
Types of Commercial Real Estate Investment Properties
Understanding commercial properties and their investment potential
Raw Land vs. Unimproved Land
Raw Land vs. Unimproved Land
Learn the essential differences between raw and unimproved land to make informed commercial real estate decisions.
Starbucks Real Estate
Starbucks Real Estate
Top Starbucks Real Estate Listings: What Makes These Properties Prime Investments

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Redford $137 25,002 SF
Livonia $223 18,546 SF
Garden City $241 12,793 SF
Dearborn Heights $156 30,120 SF
Southfield $211 36,726 SF

Regional Demographic Comparison

This comparison places Redford 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 Redford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Redford 44,352 17,775 41 $64,565 3 4,920 -5%
Livonia 84,391 34,691 46 $94,420 2 4,710 -5%
Garden City 24,151 9,904 42 $63,619 2 2,061 -5%
Dearborn Heights 56,788 20,540 37 $59,117 3 5,880 -5%
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 Redford 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 Redford

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

Redford 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 Redford?

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

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

How does Redford compare to nearby commercial real estate markets?

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

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Redford, 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 Cities
Commercial Market Reports