Westland, MI
Commercial Real Estate Market Trends & Data

$192 Avg asking sale price
$524 Avg asking lease rate
30,307 SF Avg unit lease size
30,180 SF Avg building size for sale
7.43% Average cap rate

Westland's Demographic Profile

Westland has 34,116 households and a median income of $58,995, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 77,481
# Households 34,116
Median age 41
Median household income $58,995
Avg household size 2.0
Renter-occupied housing units 14,305
5-year population change -4%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Westland $193 12,222 SF 8.49%
Wayne $79 10,353 SF 8.02%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Westland $175 43,217 SF 8.45%
Garden City $84 14,806 SF 7.50%
Dearborn Heights $146 130,721 SF 8.45%
Nearby Retail Markets Avg Cost/SF Typical Size
Westland $225 8,271 SF
Garden City $425 9,147 SF
Inkster $276 2,826 SF
Wayne $209 7,497 SF
Dearborn Heights $186 4,315 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Westland $171 21,847 SF 8.36%
Wayne $100 15,146 SF 8.02%
Livonia $347 9,032 SF 6.22%
Canton $179 27,419 SF 8.36%
Romulus $107 14,456 SF 8.02%

Commercial Properties For Sale in Westland

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

Michigan Storage

Canton Township, MI 48188

  • 1,902 SF Specialty
  • 8.04% Cap Rate
  • $1,500,000
For Sale

12675 Berwyn Ave

Redford Township, MI 48239

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

Blanche

Plymouth, MI 48170

  • 2,200 SF Multifamily
  • 6.22% Cap Rate
  • $750,000
For Sale

Meineke Car Care

Westland, MI 48185

  • 11,830 SF Retail Building
  • 7.00% Cap Rate
  • $2,355,000
For Sale

Goddard Collision & Industrial Center

Romulus, MI 48174

  • 7,042 SF Industrial Building
  • $890,000
For Sale

37600 Cherry Hill Rd

Westland, MI 48185

  • 11.14 AC Lot
  • 1 Commercial Lot
  • $1,408,000

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

Commercial Markets Avg Cost/SF Average Size
Westland $192 30,180 SF
Garden City $241 12,793 SF
Inkster $167 57,611 SF
Wayne $203 11,023 SF
Dearborn Heights $156 30,120 SF

Regional Demographic Comparison

This comparison places Westland 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 Westland or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Westland 77,481 34,116 41 $58,995 2 14,305 -4%
Garden City 24,151 9,904 42 $63,619 2 2,061 -5%
Inkster 25,824 9,990 35 $38,922 3 5,567 -2%
Wayne 15,778 6,591 41 $52,064 2 2,828 -5%
Dearborn Heights 56,788 20,540 37 $59,117 3 5,880 -5%

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

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

Westland 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 Westland?

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

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

How does Westland compare to nearby commercial real estate markets?

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

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