Commercial Real Estate Market in New Castle, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
40 active listings and 874 off-market properties in New Castle, IN. Commercial property asks $61/SF to buy and $13.00/SF/Yr to lease (based on 4 listings).
Market Trends
New Castle, IN spans 147.7 square miles in Henry County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in New Castle, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in New Castle, IN has a median asking sale price of $104/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in New Castle, 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 space in New Castle, IN has a median asking sale price of $49/SF (based on 6 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
New Castle, IN has 30,184 residents in 12,523 households. Density runs 204 people per square mile. Median household income here is $56,564 and median gross rent $792 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in New Castle?
How much does it cost to lease commercial space in New Castle?
Where does Realmo's New Castle market data come from?
Methodology & data sources
- Asking prices and medians
- There are 26 active for-sale and 14 active for-lease listings in New Castle, IN. The medians are based on 11 of the for-sale and 4 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.
- 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
