Commercial Real Estate Market in Highland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
34 active listings and 706 off-market properties in Highland, IN. Commercial property asks $155/SF to buy (based on 6 listings) and $16.00/SF/Yr to lease (based on 7 listings).
Market Trends
Highland, IN spans 6.9 square miles in Lake County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Highland, IN has a median asking sale price of $156/SF (based on 5 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Highland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Highland, 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 Highland, 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 64%
- Planned_development 21.7%
- Commercial 11.7%
- Industrial 2.7%
Largest Zones share of zoned land by district
Highland, IN zones 4,192 acres across 12 districts. Commercial zoning covers 11.7% of zoned land, residential 64% and industrial 2.7%. The largest single district is Single Family Small Lot Residence at 48.2%. For commercial buyers the practical constraint is that only 14.4% of land carries a commercial or industrial designation.
The purpose of this district is to establish two districts in which single family residential use may take place, and to identify other compatible allowable uses, as well as transitional uses and use variances which may be allowed under certain circumstances and with limitations as identified hereinafter.
Market overview
Demographics & Economy
Highland, IN has 23,984 residents in 10,791 households. Density runs 3,477 people per square mile. Median household income here is $76,219 and median gross rent $1,202 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Lansing | $86 | — |
| Schererville | $176 | $21.50 |
| Dyer | $197 | $26.00 |
| Hammond | $112 | $16.00 |
Commercial property in Highland, IN asks $155/SF. The 4 bordering markets run from $86/SF in Lansing to $197/SF in Dyer, and the city sits above their $144/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Highland?
How much does it cost to lease commercial space in Highland?
How does Highland compare to nearby markets on price?
What zoning applies to commercial property in Highland?
Where does Realmo's Highland market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 23 active for-lease listings in Highland, IN. The medians are based on 6 of the for-sale and 7 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: 4,192 zoned acres across 12 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
