Commercial Real Estate Market in Clarksville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
48 active listings and 841 off-market properties in Clarksville, IN. Commercial property asks $158/SF to buy (based on 6 listings) and $15.00/SF/Yr to lease.
Market Trends
Clarksville, IN spans 9.6 square miles in Clark County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Clarksville, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Clarksville, IN has a median asking sale price of $193/SF (based on 5 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Clarksville, 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%.
Multifamily
Multifamily vacancy in Clarksville, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.3%
- Open space 14.5%
- Commercial 13.1%
- Industrial 6.9%
- Mixed use 4.3%
- Planned_development 2.8%
- Civic 0.5%
Largest Zones share of zoned land by district
Clarksville, IN zones 6,241 acres across 31 districts. Commercial zoning covers 13.1% of zoned land, residential 45.3%, open space 14.5% and industrial 6.9%. The largest single district is Low Density Single Family Residential at 29.3%. For commercial buyers the practical constraint is that only 20% of land carries a commercial or industrial designation.
The following standards apply in R-1, R-2, R-3, RPO, GO, OT, and B-1 zone districts: A. The outdoor storage of equipment, product, supplies, materials, machinery, building materials, waste or scrap, pallets, and similar materials shall not be permitted, unless stated elsewhere in this ordinance. B. Stored Vehicles shall not encroach into a right-of-way or bl…
Market overview
Demographics & Economy
Clarksville, IN has 19,739 residents in 9,382 households. Density runs 2,063 people per square mile. Median household income here is $55,447 and median gross rent $1,027 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| New Albany | $133 | $16.00 |
| Jeffersonville | $103 | $15.78 |
Commercial property in Clarksville, IN asks $158/SF. The 2 bordering markets run from $103/SF in Jeffersonville to $133/SF in New Albany, and the city sits above their $118/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Clarksville?
How much does it cost to lease commercial space in Clarksville?
How does Clarksville compare to nearby markets on price?
What zoning applies to commercial property in Clarksville?
Where does Realmo's Clarksville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 14 active for-sale and 34 active for-lease listings in Clarksville, IN. The medians are based on 6 of the for-sale and 14 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 6,241 zoned acres across 31 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
