Commercial Real Estate Market in Fishers, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
88 active listings and 1,118 off-market properties in Fishers, IN. Commercial property asks $96/SF to buy and $46.30/SF/Yr to lease.
Market Trends
Fishers, IN spans 93.3 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fishers, 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 Fishers, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fishers, 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 Fishers, 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 46%
- Planned_development 38.5%
- Industrial 8%
- Commercial 3.2%
- Special 1.8%
- Agricultural 0.5%
- Civic 0.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Residential
Planned Unit Development Residential
Planned Unit Development Mixed Use
Residential
Open Space
Residential (R2)
The R2 District is intended to be provide for single-family homes in a lower density range of approximately 1.0 to 1.7 dwelling units per acre
Market overview
Demographics & Economy
Fishers, IN has 121,596 residents in 46,754 households. Density runs 1,303 people per square mile. Median household income here is $124,762 and median gross rent $1,472 a month.
121,596
Population
46,754
Households
2.6
Avg Household Size
36
Median Age
62%
College-Educated
97%
High-School Grad
93.3 sq mi
ZIP Area
1,303
Density / Sq Mi
$124,762
Median Household Income
$66,408
Median Earnings
$1,472
Median Rent
$362,177
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodbury | — | — |
| McCordsville | — | — |
| Fortville | — | — |
| Strawtown | — | — |
Commercial property in Fishers, IN asks $96/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fishers?
Commercial property in Fishers, IN asks an average of $96 per square foot. The 4 most recent recorded sales traded at a median of $257/SF.
How much does it cost to lease commercial space in Fishers?
Asking lease rates in Fishers, IN average $46.30 per square foot per year.
Where does Realmo's Fishers market data come from?
Realmo compiles Fishers, IN figures from 4 recent recorded sales, 37 active sale listings, 51 active lease listings, 1,118 tracked off-market properties, the current Fishers zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 51 active for-lease listings in Fishers, 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: 25,741 zoned acres across 30 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
