Commercial Real Estate Market in Princeton, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
130 active listings and 512 off-market properties in Princeton, IN. Commercial property asks $13/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Princeton, IN spans 82.0 square miles in Gibson County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeton, 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 Princeton, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Princeton, 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 Princeton, 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
- Agricultural 41.4%
- Residential 41.4%
- Commercial 10.7%
- Industrial 6.6%
Largest Zones share of zoned land by district
Agricultural District
Low Density Residential District
General Business District
Heavy Manufacturing District
Medium Density Residential
General Business District (GB)
It is located in any of the following zoning districts: AG, OS, HB, LB, GB, CB, M-1, M-2; and b. To minimize visual impact, its placement and design is approved by the plan commission. 2. Minor communications facility. Such facility, provided it complies with this section, will be approved only if, with due regard for all applicable federal regulations: a. I…
Market overview
Demographics & Economy
Princeton, IN has 11,934 residents in 5,440 households. Density runs 146 people per square mile. Median household income here is $65,873 and median gross rent $959 a month.
11,934
Population
5,440
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
89%
High-School Grad
82 sq mi
ZIP Area
146
Density / Sq Mi
$65,873
Median Household Income
$36,957
Median Earnings
$959
Median Rent
$140,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Patoka | — | — |
| Francisco | — | — |
| Fort Branch | — | — |
| Owensville | — | — |
Commercial property in Princeton, IN asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princeton?
Commercial property in Princeton, IN asks an average of $13 per square foot.
How much does it cost to lease commercial space in Princeton?
Asking lease rates in Princeton, IN average $30.00 per square foot per year.
Where does Realmo's Princeton market data come from?
Realmo compiles Princeton, IN figures from 2 recent recorded sales, 124 active sale listings, 6 active lease listings, 512 tracked off-market properties, the current Princeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 124 active for-sale and 6 active for-lease listings in Princeton, 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: 23,470 zoned acres across 14 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
