Commercial Real Estate Market in Bloomington, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
412 active listings and 2,615 off-market properties in Bloomington, IN. Commercial property asks $72/SF to buy and $16.89/SF/Yr to lease.
Market Trends
Bloomington, IN spans 285.5 square miles in Monroe County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bloomington, 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 Bloomington, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bloomington, 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 space in Bloomington, IN asks $256/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 45.3%
- Mixed use 37.7%
- Open space 11.2%
- Planned_development 4.8%
- Residential 1%
Largest Zones share of zoned land by district
Residential Medium Lot
Mixed Use Institutional
Parks And Open Space
Mixed Use Corridor
Residential Small Lot
Residential Medium Lot (R2)
Design. In the R2 and R3 zoning districts, the maximum number of dwelling units allowed in one single-family attached structure shall be two, and each individual dwelling unit shall be located on a separate lot. (C) Occupancy. Occupancy of single-family attached dwelling units is subject to the definition of "Family" in
Market overview
Demographics & Economy
Bloomington, IN has 129,236 residents in 60,019 households. Density runs 453 people per square mile. Median household income here is $60,523 and median gross rent $1,159 a month.
129,236
Population
60,019
Households
2.2
Avg Household Size
30
Median Age
52%
College-Educated
95%
High-School Grad
285.5 sq mi
ZIP Area
453
Density / Sq Mi
$60,523
Median Household Income
$31,092
Median Earnings
$1,159
Median Rent
$279,722
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marlin Hills | — | — |
| Highland Village | — | — |
| Clear Creek | — | — |
| Lancaster Park | — | — |
Commercial property in Bloomington, IN asks $72/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bloomington?
Commercial property in Bloomington, IN asks an average of $72 per square foot. Multifamily carries the highest asking price at $256/SF.
How much does it cost to lease commercial space in Bloomington?
Asking lease rates in Bloomington, IN average $16.89 per square foot per year.
Where does Realmo's Bloomington market data come from?
Realmo compiles Bloomington, IN figures from 308 active sale listings, 104 active lease listings, 2,615 tracked off-market properties, the current Bloomington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 308 active for-sale and 104 active for-lease listings in Bloomington, 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: 15,010 zoned acres across 22 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
