Commercial Real Estate Market in Portage, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
88 active listings and 1,029 off-market properties in Portage, IN. Commercial property asks $157/SF to buy and $19.40/SF/Yr to lease.
Market Trends
Portage, IN spans 25.3 square miles in Porter County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Portage, IN asks $139/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Portage, IN asks $134/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Portage, 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 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
Low Density Residential
Parks And Recreation
Heavy Industrial
Planned Development
Marina Waterway
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.
Low Density Residential (R2)
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.
39,837
Population
16,870
Households
2.4
Avg Household Size
39
Median Age
18%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
1,572
Density / Sq Mi
$72,638
Median Household Income
$42,508
Median Earnings
$1,140
Median Rent
$213,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ogden Dunes | — | — |
| Burns Harbor | — | — |
| Wheeler | — | — |
| Hobart | — | $9.15 |
Commercial property in Portage, IN asks $157/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Portage?
Commercial property in Portage, IN asks an average of $157 per square foot. The 3 most recent recorded sales traded at a median of $91/SF, so asking sits 73% above the achieved median. Office carries the highest asking price at $139/SF.
How much does it cost to lease commercial space in Portage?
Asking lease rates in Portage, IN average $19.40 per square foot per year.
What zoning applies to commercial property in Portage?
Portage, IN zones 15,600 acres across 22 districts, of which 16.1% is commercial and 11.2% industrial. The largest single district is Low Density Residential at 32.4% of zoned land. 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… Residential zoning covers 47.3% and open space 0%.
Where does Realmo's Portage market data come from?
Realmo compiles Portage, IN figures from 3 recent recorded sales, 70 active sale listings, 18 active lease listings, 1,029 tracked off-market properties, the current Portage 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 18 active for-lease listings in Portage, 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: 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 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
