Commercial Real Estate Market in Griffith, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
30 active listings and 573 off-market properties in Griffith, IN. Commercial property asks $246/SF to buy and $11.84/SF/Yr to lease.
Market Trends
Griffith, IN spans 9.6 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Griffith, IN asks $154/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Griffith, IN asks $126/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Griffith, 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 space in Griffith, IN asks $173/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.1%
- Industrial 25.8%
- Open space 22.9%
- Commercial 6.2%
Largest Zones share of zoned land by district
Single Family Small Lot Residence
Open Space
Heavy Industrial
Single Family Large Lot Residence
Light Industrial
Griffith, IN zones 4,341 acres across 11 districts. Commercial zoning covers 6.2% of zoned land, residential 45.1%, open space 22.9% and industrial 25.8%. The largest single district is Single Family Small Lot Residence at 31.5%. For commercial buyers the practical constraint is that only 32% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Griffith, IN has 18,108 residents in 7,904 households. Density runs 1,890 people per square mile. Median household income here is $75,976 and median gross rent $1,162 a month.
18,108
Population
7,904
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
96%
High-School Grad
9.6 sq mi
ZIP Area
1,890
Density / Sq Mi
$75,976
Median Household Income
$42,239
Median Earnings
$1,162
Median Rent
$194,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Elliott | — | — |
| Highland | — | — |
| Schererville | — | $19.77 |
| Gary | — | $17.60 |
Commercial property in Griffith, IN asks $246/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Griffith?
Commercial property in Griffith, IN asks an average of $246 per square foot. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Griffith?
Asking lease rates in Griffith, IN average $11.84 per square foot per year.
What zoning applies to commercial property in Griffith?
Griffith, IN zones 4,341 acres across 11 districts, of which 6.2% is commercial and 25.8% industrial. The largest single district is Single Family Small Lot Residence at 31.5% of zoned land. Residential zoning covers 45.1% and open space 22.9%.
Where does Realmo's Griffith market data come from?
Realmo compiles Griffith, IN figures from 16 active sale listings, 14 active lease listings, 573 tracked off-market properties, the current Griffith zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 14 active for-lease listings in Griffith, 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: 4,341 zoned acres across 11 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
