Redford, MI
Commercial Real Estate Market Trends & Data

$132 Avg asking sale price
$11 Avg asking lease rate
10,457 SF Avg unit lease size
22,998 SF Avg building size for sale
8.15% Average cap rate

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 17,250 SF 8.49%
Southfield $155 53,732 SF 10.02%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Livonia $169 25,200 SF 7.68%
Dearborn Heights $126 108,916 SF 8.45%
Southfield $93 28,211 SF 10.27%
Nearby Retail Markets Avg Cost/SF Typical Size
Redford $114 10,992 SF
Livonia $230 4,677 SF
Garden City $278 13,195 SF
Dearborn Heights $196 4,011 SF
Southfield $206 9,861 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Livonia $246 9,032 SF 6.22%
Southfield $160 17,839 SF 6.73%
Dearborn $79 43,439 SF 15.00%
Westland $161 19,649 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

27527-27543 Joy Rd

Westland, MI 48185

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

American Montessori Academy

Livonia, MI 48154

  • 20,000 SF Specialty
  • $3,500,000

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

Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
What Is a Triple-Net Lease? A Guide for CRE Investors
What Is a Triple-Net Lease? A Guide for CRE Investors
A breakdown of how triple-net leases divide costs between landlords and tenants, along with the tax implications and risks investors should weigh before signing.
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Common Area Maintenance Charges (CAM)
Common Area Maintenance Charges (CAM)
Understand CAM Fees: How Tenants Share Building Operating Costs
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites
Tenant Improvement Allowance (TIA)
Tenant Improvement Allowance (TIA)
What Is a Tenant Improvement Allowance in Commercial Real Estate?

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 $132 22,998 SF
Livonia $200 22,468 SF
Garden City $195 11,696 SF
Dearborn Heights $166 27,475 SF
Southfield $206 33,672 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 Market Trends