Commercial Real Estate Market in North Manchester, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 374 off-market properties in North Manchester, IN. Commercial property asks $252/SF to buy and $3.85/SF/Yr to lease.
Market Trends
North Manchester, IN spans 106.2 square miles in Wabash County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Manchester, 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 North Manchester, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Manchester, 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 North Manchester, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
North Manchester, IN has 8,592 residents in 3,881 households. Density runs 81 people per square mile. Median household income here is $71,863 and median gross rent $679 a month.
8,592
Population
3,881
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
106.2 sq mi
ZIP Area
81
Density / Sq Mi
$71,863
Median Household Income
$36,782
Median Earnings
$679
Median Rent
$152,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Liberty Mills | — | — |
| Servia | — | — |
| Laketon | — | — |
| Urbana | — | — |
Commercial property in North Manchester, IN asks $252/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Manchester?
Commercial property in North Manchester, IN asks an average of $252 per square foot.
How much does it cost to lease commercial space in North Manchester?
Asking lease rates in North Manchester, IN average $3.85 per square foot per year.
Where does Realmo's North Manchester market data come from?
Realmo compiles North Manchester, IN figures from 14 active sale listings, 5 active lease listings, 374 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 5 active for-lease listings in North Manchester, 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.
- 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
