Southfield, MI
Commercial Real Estate Market Trends & Data

$206 Avg asking sale price
$16 Avg asking lease rate
11,600 SF Avg unit lease size
33,672 SF Avg building size for sale
7.62% Average cap rate

Southfield's Demographic Profile

Southfield has 34,068 households and a median income of $61,070, 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 74,634
# Households 34,068
Median age 44
Median household income $61,070
Avg household size 2.0
Renter-occupied housing units 17,345
5-year population change -1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Southfield $155 53,732 SF 10.02%
Beverly Hills $284 10,033 SF 9.82%
Nearby Retail Markets Avg Cost/SF Typical Size
Southfield $206 9,861 SF
Lathrup Village $200 1,601 SF
Franklin $155 30,690 SF
Beverly Hills $351 9,442 SF
Berkley $196 4,780 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Southfield $160 17,839 SF 6.73%
Royal Oak $275 9,671 SF 6.05%
Ferndale $255 6,794 SF 9.59%

Commercial Properties For Sale in Southfield

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

Chestnut Oaks

Southfield, MI 48076

  • 18,628 SF Multifamily
  • 6.73% Cap Rate
  • $1,375,000
For Sale

Extreme Loans

Southfield, MI 48034

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

North Green Professional center

Berkley, MI 48072

  • 4,700 SF Office Building
  • 6.41% Cap Rate
  • $1,595,000
For Sale

24737 W 8 Mile Rd

Detroit, MI 48219

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

16036 W 7 Mile Rd

Detroit, MI 48235

  • 4,260 SF Retail Building
  • $109,995
For Sale

Nine Mile Crossing

Southfield, MI 48075

  • 142,409 SF Office Building
  • 10.02% Cap Rate
  • $8,450,000

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 Southfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Southfield $206 33,672 SF
Lathrup Village $200 1,601 SF
Franklin $199 17,437 SF
Bingham Farms $139 4,500 SF
Beverly Hills $284 10,080 SF

Regional Demographic Comparison

This comparison places Southfield 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 Southfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Southfield 74,634 34,068 44 $61,070 2 17,345 -1%
Lathrup Village 3,836 1,546 51 $104,945 2 90 -2%
Franklin 3,064 1,102 48 $177,153 3 48 -1%
Bingham Farms 1,105 457 58 $187,499 2 20 -1%
Beverly Hills 10,127 3,883 45 $154,568 3 388 -2%

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

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

Southfield 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 Southfield?

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

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

How does Southfield compare to nearby commercial real estate markets?

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

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