Commercial Real Estate Market in Brazil, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
27 active listings and 749 off-market properties in Brazil, IN. Commercial property asks $567/SF to buy and $243.15/SF/Yr to lease.
Market Trends
Brazil, IN spans 154.2 square miles in Clay County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Brazil, 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 Brazil, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Brazil, 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 Brazil, 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 43.3%
- Commercial 41%
- Industrial 15.8%
Largest Zones share of zoned land by district
Agriculture
Suburban Residential
Open Industrial
Residence
Residence
Brazil, IN zones 18,683 acres across 12 districts. Commercial zoning covers 41% of zoned land, residential 43.3% and industrial 15.8%. The largest single district is Agriculture at 37.7%. For commercial buyers the practical constraint is that only 56.7% of land carries a commercial or industrial designation.
Agriculture (AG)
AG district is established primarily for agricultural uses. The intent of this district is to promote and protect agricultural uses while providing limited low density rural residential development and related commercial activity.
Market overview
Demographics & Economy
Brazil, IN has 19,430 residents in 8,451 households. Density runs 126 people per square mile. Median household income here is $66,677 and median gross rent $866 a month.
19,430
Population
8,451
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
154.2 sq mi
ZIP Area
126
Density / Sq Mi
$66,677
Median Household Income
$41,247
Median Earnings
$866
Median Rent
$135,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stearleyville | — | — |
| Prairie City | — | — |
| Billville | — | — |
| Knightsville | — | — |
Commercial property in Brazil, IN asks $567/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Brazil?
Commercial property in Brazil, IN asks an average of $567 per square foot.
How much does it cost to lease commercial space in Brazil?
Asking lease rates in Brazil, IN average $243.15 per square foot per year.
What zoning applies to commercial property in Brazil?
Brazil, IN zones 18,683 acres across 12 districts, of which 41% is commercial and 15.8% industrial. The largest single district is Agriculture at 37.7% of zoned land. AG district is established primarily for agricultural uses. The intent of this district is to promote and protect agricultural uses while providing limited low density rural residential development and related commercial activity. Residential zoning covers 43.3% and open space 0%.
Where does Realmo's Brazil market data come from?
Realmo compiles Brazil, IN figures from 24 active sale listings, 3 active lease listings, 749 tracked off-market properties, the current Brazil zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 3 active for-lease listings in Brazil, 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: 18,683 zoned acres across 12 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
