Commercial Real Estate Market in Laurel, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 63 off-market properties in Laurel, IN.
Market Trends
Laurel, IN spans 65.6 square miles in Franklin County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Laurel, 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 Laurel, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Laurel, 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 Laurel, 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 55.5%
- Industrial 7.4%
- Commercial 3.2%
Largest Zones share of zoned land by district
No Zoning
Multifamily Residence District
Single And Two Family Residence
Single Family Residence District
General Business District
Multifamily Residence District (R-3)
Section 4.3 - General and Multi-Family Residential Use District (R-3) 4.3.1 Intent. The intent of the R -3 General and Multi -Family Residential Use District is to delineate areas where conditions are favorable for the development of multi -family dwellings and where specific conditions of site size, unitary ownership, topography, utili ty provisions, street…
Market overview
Demographics & Economy
Laurel, IN has 2,880 residents in 1,171 households. Density runs 44 people per square mile. Median household income here is $55,956 and median gross rent $980 a month.
2,880
Population
1,171
Households
2.5
Avg Household Size
41
Median Age
6%
College-Educated
79%
High-School Grad
65.6 sq mi
ZIP Area
44
Density / Sq Mi
$55,956
Median Household Income
$29,317
Median Earnings
$980
Median Rent
$114,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alpine | — | — |
| Andersonville | — | — |
| Nulltown | — | — |
| Metamora | — | — |
Commercial property in Laurel, IN asks $1,117/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Laurel?
Commercial property in Laurel, IN asks an average of $1,117 per square foot.
Where does Realmo's Laurel market data come from?
Realmo compiles Laurel, IN figures from 7 active sale listings, 63 tracked off-market properties, the current Laurel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Laurel, 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: 127 zoned acres across 7 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
