Commercial Real Estate Market in Noblesville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
96 active listings and 1,496 off-market properties in Noblesville, IN. Commercial property asks $1,831/SF to buy and $21.38/SF/Yr to lease.
Market Trends
Noblesville, IN spans 114.1 square miles in Hamilton County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Noblesville, 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 Noblesville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Noblesville, 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 Noblesville, 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 49.7%
- Planned_development 39.2%
- Industrial 6.1%
- Civic 2.8%
- Commercial 2.2%
- Mixed use 0%
Largest Zones share of zoned land by district
Low Density Single Family Residential
Corporate Campus Planned Development District
Low Density Single Family Residential Planned Development
Low To Moderate Density Single Family Residential
Moderate To High Density Multifamily Residential Planned Development
Low To Moderate Density Single Family Residential (R2)
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.
83,988
Population
34,039
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
97%
High-School Grad
114.1 sq mi
ZIP Area
736
Density / Sq Mi
$103,046
Median Household Income
$54,726
Median Earnings
$1,328
Median Rent
$319,552
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Strawtown | — | — |
| Cicero | — | — |
| Westfield | — | — |
| Fishers | — | $46.30 |
Commercial property in Noblesville, IN asks $1,831/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Noblesville?
Commercial property in Noblesville, IN asks an average of $1,831 per square foot.
How much does it cost to lease commercial space in Noblesville?
Asking lease rates in Noblesville, IN average $21.38 per square foot per year.
Where does Realmo's Noblesville market data come from?
Realmo compiles Noblesville, IN figures from 4 recent recorded sales, 70 active sale listings, 26 active lease listings, 1,496 tracked off-market properties, the current Noblesville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 70 active for-sale and 26 active for-lease listings in Noblesville, 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: 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 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
