Commercial Real Estate Market in South Bend, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
127 active listings and 4,988 off-market properties in South Bend, IN. Commercial property asks $109/SF to buy and $15.00/SF/Yr to lease (based on 4 listings).
Market Trends
South Bend, IN spans 136.6 square miles in St. Joseph County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in South Bend, IN has a median asking sale price of $126/SF (based on 4 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in South Bend, IN has a median asking sale price of $104/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in South Bend, IN has a median asking sale price of $93/SF (based on 6 listings). Vacancy 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 South Bend, IN has a median asking sale price of $115/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
South Bend, IN has 147,931 residents in 68,597 households. Density runs 1,083 people per square mile. Median household income here is $59,792 and median gross rent $1,014 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Mishawaka | $76 | — |
| Niles | $96 | $12.00 |
| Edwardsburg | $56 | — |
Commercial property in South Bend, IN asks $109/SF. The 3 bordering markets run from $56/SF in Edwardsburg to $96/SF in Niles, and the city sits above their $76/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in South Bend?
How much does it cost to lease commercial space in South Bend?
How does South Bend compare to nearby markets on price?
Where does Realmo's South Bend market data come from?
Methodology & data sources
- Asking prices and medians
- There are 80 active for-sale and 47 active for-lease listings in South Bend, IN. The medians are based on 35 of the for-sale and 4 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.
- 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 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 October 2026 · How Realmo checks market page data · Report a data issue
