West Bloomfield, MI
Commercial Real Estate Market Trends & Data

$169 Avg asking sale price
$25 Avg asking lease rate
11,210 SF Avg unit lease size
17,210 SF Avg building size for sale
8.50% Average cap rate

West Bloomfield's Demographic Profile

West Bloomfield has 24,560 households and a median income of $121,137, 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 64,417
# Households 24,560
Median age 47
Median household income $121,137
Avg household size 3.0
Renter-occupied housing units 4,474
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Bloomfield, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Bloomfield $158 20,191 SF 8.50%
Commerce Township $187 14,356 SF 8.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Commerce Township $157 39,950 SF 7.59%
Waterford $159 74,398 SF 4.00%
Nearby Retail Markets Avg Cost/SF Typical Size
West Bloomfield $279 10,419 SF
Keego Harbor $342 5,255 SF
Sylvan Lake $342 5,278 SF
Walled Lake $265 1,132 SF
Bloomfield Hills $532 4,227 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Commerce Township $236 16,427 SF 6.16%
Waterford $171 7,300 SF 7.71%

Commercial Properties For Sale in West Bloomfield

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

31500 W 13 Mile Rd

Farmington Hills, MI 48334

  • 48,000 SF Office Building
  • 8.50% Cap Rate
  • $2,950,000
For Sale

8450 Boulder Ct

Commerce Township, MI 48390

  • 2.02 AC Lot
  • 1 Industrial Lot
  • $275,000
For Sale

Prynne 5-Plex

Keego Harbor, MI 48320

  • 3,100 SF Multifamily
  • $450,000
For Sale

Knollwood Office Park - 1

Bloomfield Township, MI 48301

  • 27,000 SF Office Building
  • $3,800,000
For Sale

5600 W Maple Rd

West Bloomfield, MI 48322

  • 35,000 SF Office Building
  • $4,200,000
For Sale

Westridge Office Center

West Bloomfield, MI

  • Office Building
  • $2,300,000

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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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
West Bloomfield $169 17,210 SF
Keego Harbor $246 4,178 SF
Sylvan Lake $246 4,552 SF
Walled Lake $126 74,733 SF

Regional Demographic Comparison

This comparison places West Bloomfield 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 West Bloomfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Bloomfield 64,417 24,560 47 $121,137 3 4,474 -1%
Keego Harbor 3,002 1,441 41 $63,108 2 586 2%
Sylvan Lake 1,556 781 54 $104,006 2 155 -3%
Walled Lake 7,231 3,563 44 $59,540 2 1,419 -1%

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

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

West Bloomfield 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 West Bloomfield?

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

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

How does West Bloomfield compare to nearby commercial real estate markets?

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

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