Commercial Real Estate Market in Bedford, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
137 active listings and 1,292 off-market properties in Bedford, IN. Commercial property asks $223/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Bedford, IN spans 184.4 square miles in Lawrence County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bedford, 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 Bedford, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bedford, 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 Bedford, 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
- Residential 57.8%
- Commercial 26.1%
- Industrial 16%
Largest Zones share of zoned land by district
Single Family Residence
Medium Density Residential
General Industrial
Open Space
Planned Business
Bedford, IN zones 7,075 acres across 14 districts. Commercial zoning covers 26.1% of zoned land, residential 57.8% and industrial 16%. The largest single district is Single Family Residence at 29.2%. For commercial buyers the practical constraint is that only 42.1% of land carries a commercial or industrial designation.
Single Family Residence (R1)
R-1 Single-Family Residence District. The purpose of this district is to preserve those areas of the city which have been developed for low density single-family use, and encourage residential development on vacant parcels which is compatible with existing residential densities. (D)
Market overview
Demographics & Economy
Bedford, IN has 27,798 residents in 13,112 households. Density runs 151 people per square mile. Median household income here is $66,588 and median gross rent $827 a month.
27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Edgewood | — | — |
| East Oolitic | — | — |
| Dark Hollow | — | — |
| Oolitic | — | — |
Commercial property in Bedford, IN asks $223/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bedford?
Commercial property in Bedford, IN asks an average of $223 per square foot.
How much does it cost to lease commercial space in Bedford?
Asking lease rates in Bedford, IN average $10.00 per square foot per year.
What zoning applies to commercial property in Bedford?
Bedford, IN zones 7,075 acres across 14 districts, of which 26.1% is commercial and 16% industrial. The largest single district is Single Family Residence at 29.2% of zoned land. R-1 Single-Family Residence District. The purpose of this district is to preserve those areas of the city which have been developed for low density single-family use, and encourage residential development on vacant parcels which is compatible with existing residential densities. (D) Residential zoning covers 57.8% and open space 0%.
Where does Realmo's Bedford market data come from?
Realmo compiles Bedford, IN figures from 135 active sale listings, 2 active lease listings, 1,292 tracked off-market properties, the current Bedford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 135 active for-sale and 2 active for-lease listings in Bedford, 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: 7,075 zoned acres across 14 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
