Commercial Real Estate Market in Columbus, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
89 active listings and 1,970 off-market properties in Columbus, IN. Commercial property asks $39/SF to buy and $10.76/SF/Yr to lease.
Market Trends
Columbus, IN spans 278.3 square miles in Bartholomew County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Columbus, 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 Columbus, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Columbus, 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 Columbus, 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 35.8%
- Industrial 24.5%
- Agricultural 10.6%
- Commercial 7.3%
- Planned_development 6%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Industrial Heavy
Public Semi Public Facilities
Agriculture Preferred
Residential Single Family 3
Residential Single Family 2
Industrial Heavy (I3)
I3 - Industrial: Heavy .......................................................... page 3-50 Columbus.in.gov/Planning Page: 3-3 3 Zoning Districts 3.1 Establishment of Zoning Districts (cont.) B. Establishment of Planned Unit Development District: This Ordinance allows for any zoning district(s) to be rezoned for the creation of a Planned Unit Development. Al…
Market overview
Demographics & Economy
Columbus, IN has 72,975 residents in 32,073 households. Density runs 262 people per square mile. Median household income here is $79,310 and median gross rent $1,086 a month.
72,975
Population
32,073
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
93%
High-School Grad
278.3 sq mi
ZIP Area
262
Density / Sq Mi
$79,310
Median Household Income
$46,588
Median Earnings
$1,086
Median Rent
$223,780
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clifford | — | — |
| Taylorsville | — | — |
| Elizabethtown | — | — |
| Grammer | — | — |
Commercial property in Columbus, IN asks $39/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Columbus?
Commercial property in Columbus, IN asks an average of $39 per square foot.
How much does it cost to lease commercial space in Columbus?
Asking lease rates in Columbus, IN average $10.76 per square foot per year.
Where does Realmo's Columbus market data come from?
Realmo compiles Columbus, IN figures from 2 recent recorded sales, 60 active sale listings, 29 active lease listings, 1,970 tracked off-market properties, the current Columbus zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 60 active for-sale and 29 active for-lease listings in Columbus, 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: 17,000 zoned acres across 21 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
