Commercial Real Estate Market in Portland, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 568 off-market properties in Portland, IN.
Market Trends
Portland, IN spans 219.6 square miles in Jay County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Portland, 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 Portland, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Portland, 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 Portland, 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
- Industrial 32.2%
- Commercial 24.7%
- Residential 19.1%
- Planned_development 17.8%
- Open space 6.2%
Largest Zones share of zoned land by district
Industrial District
Planned Development Industrial
Medium Density Residential
Low Density Residential
Highway Service
Portland, IN zones 4,485 acres across 12 districts. Commercial zoning covers 24.7% of zoned land, residential 19.1%, open space 6.2% and industrial 32.2%. The largest single district is Industrial District at 32.2%. For commercial buyers the practical constraint is that only 57% of land carries a commercial or industrial designation.
Industrial District (IND)
IND: Industrial District The Industrial (IND) District s are areas designated for the development and expansion of li ght industrial, manufacturing, and wholesale business establishments, which are clean, quiet, and free of hazardous or objectionable elements and operate primarily within enclosed buildings. PD: Planned Development Districts Planned Developme…
Market overview
Demographics & Economy
Portland, IN has 12,143 residents in 5,458 households. Density runs 55 people per square mile. Median household income here is $59,215 and median gross rent $746 a month.
12,143
Population
5,458
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
55
Density / Sq Mi
$59,215
Median Household Income
$38,031
Median Earnings
$746
Median Rent
$116,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Antiville | — | — |
| Liber | — | — |
| Como | — | — |
| New Mount Pleasant | — | — |
Commercial property in Portland, IN asks $43/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Portland?
Commercial property in Portland, IN asks an average of $43 per square foot.
What zoning applies to commercial property in Portland?
Portland, IN zones 4,485 acres across 12 districts, of which 24.7% is commercial and 32.2% industrial. The largest single district is Industrial District at 32.2% of zoned land. IND: Industrial District The Industrial (IND) District s are areas designated for the development and expansion of li ght industrial, manufacturing, and wholesale business establishments, which are clean, quiet, and free of hazardous or objectionable elements and operate primarily within enclosed buildings. PD: Planned Development Districts Planned Developme… Residential zoning covers 19.1% and open space 6.2%.
Where does Realmo's Portland market data come from?
Realmo compiles Portland, IN figures from 11 active sale listings, 568 tracked off-market properties, the current Portland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Portland, 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: 4,485 zoned acres across 12 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
