Commercial Real Estate Market in Albany, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 165 off-market properties in Albany, IN.
Market Trends
Albany, IN spans 32.6 square miles in Delaware County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Albany, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Albany, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Albany, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Albany, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 41.6%
- Industrial 1.8%
- Civic 1.3%
- Residential 1.3%
Largest Zones share of zoned land by district
B
Single Family Residential
Ct
General Commercial
Industrial
Single Family Residential (R-1)
The purpose of R-1 zone is to provide single family dwelling, park, playground or community building owned or operated by a public agency, nursery, truck gardening and the raising of farm crops, but not the raising of poultry, pets and livestock for strictly commercial purposes or on a scale that would be objectionable because of noise or odor to surrounding…
Market overview
Demographics & Economy
Albany, IN has 3,978 residents in 2,176 households. Density runs 122 people per square mile. Median household income here is $68,244 and median gross rent $669 a month.
3,978
Population
2,176
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
93%
High-School Grad
32.6 sq mi
ZIP Area
122
Density / Sq Mi
$68,244
Median Household Income
$41,406
Median Earnings
$669
Median Rent
$120,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Granville | — | — |
| Desoto | — | — |
| Shideler | — | — |
| Eaton | — | — |
Commercial property in Albany, IN asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albany?
Commercial property in Albany, IN asks an average of $80 per square foot.
Where does Realmo's Albany market data come from?
Realmo compiles Albany, IN figures from 13 active sale listings, 165 tracked off-market properties, the current Albany zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Albany, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,161 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
