Commercial Real Estate Market in Franklin, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
38 active listings and 887 off-market properties in Franklin, IN. Commercial property asks $172/SF to buy (based on 6 listings) and $13.00/SF/Yr to lease (based on 5 listings).
Market Trends
Franklin, IN spans 126.0 square miles in Johnson County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Franklin, IN has a median asking sale price of $183/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Franklin, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Franklin, 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 Franklin, 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 34.5%
- Industrial 31.8%
- Planned_development 14.4%
- Mixed use 8.7%
- Civic 8.2%
- Agricultural 2.4%
Largest Zones share of zoned land by district
RSN - Residential, Suburban Neighborhood .............. page 3-14 RS-1 - Residential, Suburban One ............................. page 3-16 RS-2 - Residential, Suburban Two ............................. page 3-18 RS-3 - Residential, Suburban Three .......................... page 3-20 RTN - Residential, Traditional Neighborhood ............ page 3-22 RT-1 - Re…
Market overview
Demographics & Economy
Franklin, IN has 32,869 residents in 13,151 households. Density runs 261 people per square mile. Median household income here is $81,914 and median gross rent $1,114 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Franklin?
How much does it cost to lease commercial space in Franklin?
Where does Realmo's Franklin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 18 active for-sale and 20 active for-lease listings in Franklin, IN. The medians are based on 6 of the for-sale and 5 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: 10,132 zoned acres across 19 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
