Commercial Real Estate Market in Portage, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
35 active listings and 1,029 off-market properties in Portage, IN. Commercial property asks $213/SF to buy and $20.00/SF/Yr to lease (based on 3 listings).
Market Trends
Portage, IN spans 25.3 square miles in Porter County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Portage, IN has a median asking sale price of $65/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Portage, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Portage, 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 Portage, IN has a median asking sale price of $213/SF (based on 4 listings). Vacancy 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 47.3%
- Civic 19.7%
- Commercial 16.1%
- Industrial 11.2%
- Planned_development 5.4%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Portage, IN zones 15,600 acres across 22 districts. Commercial zoning covers 16.1% of zoned land, residential 47.3% and industrial 11.2%. The largest single district is Low Density Residential at 32.4%. For commercial buyers the practical constraint is that only 27.3% of land carries a commercial or industrial designation.
R2-Low density residential. This district is established for single-family, detached, small to medium-sized homes on medium-sized lots. R3-Medium density residential. This district is established for single-family, detached, small to medium-sized homes on small to medium-sized lots. R4-City-core residential. This district is established for existing older, s…
Market overview
Demographics & Economy
Portage, IN has 39,837 residents in 16,870 households. Density runs 1,572 people per square mile. Median household income here is $72,638 and median gross rent $1,140 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Hobart | $127 | — |
| Porter | $113 | — |
| Chesterton | $173 | — |
| Valparaiso | $150 | $20.00 |
Commercial property in Portage, IN asks $213/SF. The 4 bordering markets run from $113/SF in Porter to $173/SF in Chesterton, and the city sits above their $139/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Portage?
How much does it cost to lease commercial space in Portage?
How does Portage compare to nearby markets on price?
What zoning applies to commercial property in Portage?
Where does Realmo's Portage market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 15 active for-lease listings in Portage, IN. The medians are based on 12 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: 15,600 zoned acres across 22 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
