Commercial Real Estate Market in Lawrence, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 2 off-market properties in Lawrence, IN.
Market Trends
Lawrence, IN spans 14.8 square miles in Marion County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lawrence, 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 Lawrence, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lawrence, 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 Lawrence, 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 49.2%
- Civic 17.9%
- Planned_development 12.9%
- Commercial 8.7%
- Industrial 4.5%
- Open space 2.7%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Dwelling District Three
Special Use Government Buildings Or Grounds
Dwelling Planned Unit Development District
Dwelling Agriculture District
Dwelling District Two
Dwelling District Three (D3)
The intent of this zone is to provide two family units to the community
Market overview
Demographics & Economy
Lawrence, IN has 43,997 residents in 21,380 households. Density runs 2,972 people per square mile. Median household income here is $47,086 and median gross rent $1,045 a month.
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,972
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| McCordsville | — | — |
| Warren Park | — | — |
| Woodbury | — | — |
| Cumberland | — | — |
Frequently Asked Questions
Where does Realmo's Lawrence market data come from?
Realmo compiles Lawrence, IN figures from 1 active sale listings, 2 tracked off-market properties, the current Lawrence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Lawrence, 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: 12,983 zoned acres across 38 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
