Commercial Real Estate Market in Garrett, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 460 off-market properties in Garrett, IN.
Market Trends
Garrett, IN spans 26.0 square miles in DeKalb County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Garrett, 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 Garrett, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Garrett, 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 Garrett, 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 49%
- Industrial 21.3%
- Agricultural 15.9%
- Open space 5.4%
- Commercial 4.8%
- Civic 3.7%
Largest Zones share of zoned land by district
Very Low Density Single Family Residential
Low Density Single Family Residential
Agriculture
Medium Intensity Industrial
Low Intensity Industrial
Garrett, IN zones 4,758 acres across 17 districts. Commercial zoning covers 4.8% of zoned land, residential 49%, open space 5.4% and industrial 21.3%. The largest single district is Very Low Density Single Family Residential at 23.8%. For commercial buyers the practical constraint is that only 26% of land carries a commercial or industrial designation.
Very Low Density Single Family Residential (R1)
This district is established for single family detached dwellings on large sized lots
Market overview
Demographics & Economy
Garrett, IN has 8,183 residents in 3,756 households. Density runs 314 people per square mile. Median household income here is $62,212 and median gross rent $855 a month.
8,183
Population
3,756
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
90%
High-School Grad
26 sq mi
ZIP Area
314
Density / Sq Mi
$62,212
Median Household Income
$37,137
Median Earnings
$855
Median Rent
$156,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Altona | — | — |
| Butler Center | — | — |
| Saint Johns | — | — |
| Auburn | — | — |
Commercial property in Garrett, IN asks $305/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Garrett?
Commercial property in Garrett, IN asks an average of $305 per square foot.
What zoning applies to commercial property in Garrett?
Garrett, IN zones 4,758 acres across 17 districts, of which 4.8% is commercial and 21.3% industrial. The largest single district is Very Low Density Single Family Residential at 23.8% of zoned land. This district is established for single family detached dwellings on large sized lots Residential zoning covers 49% and open space 5.4%.
Where does Realmo's Garrett market data come from?
Realmo compiles Garrett, IN figures from 3 recent recorded sales, 13 active sale listings, 460 tracked off-market properties, the current Garrett zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Garrett, 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: 4,758 zoned acres across 17 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
