Commercial Real Estate Market in Noblesville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
50 active listings and 1,496 off-market properties in Noblesville, IN. Commercial property asks $253/SF to buy (based on 6 listings) and $20.00/SF/Yr to lease (based on 3 listings).
Market Trends
Noblesville, IN spans 114.1 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Noblesville, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Noblesville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Noblesville, IN has a median asking sale price of $240/SF (based on 5 listings). Vacancy 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 Noblesville, 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 49.7%
- Planned_development 39.2%
- Industrial 6.1%
- Civic 2.8%
- Commercial 2.2%
- Mixed use 0%
Largest Zones share of zoned land by district
R2 (Low to Moderate Density Single-Family Residential) district. 4. All lawful nonconforming non-residential uses and/or structures shall adhere to the requirements of §§ 159.220 et seq. (Nonconforming Uses and Structures). (c) Mixed Residential Subdistrict regulations. In the Mixed Residential Subdistrict, the following design guidelines shall be utilized i…
Market overview
Demographics & Economy
Noblesville, IN has 83,988 residents in 34,039 households. Density runs 736 people per square mile. Median household income here is $103,046 and median gross rent $1,328 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Noblesville?
How much does it cost to lease commercial space in Noblesville?
Where does Realmo's Noblesville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 23 active for-lease listings in Noblesville, IN. The medians are based on 6 of the for-sale and 3 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: 32,453 zoned acres across 41 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
