Commercial Real Estate Market in Warsaw, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
110 active listings and 1,630 off-market properties in Warsaw, IN. Commercial property asks $262/SF to buy and $8.60/SF/Yr to lease.
Market Trends
Warsaw, IN spans 128.8 square miles in Kosciusko County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Warsaw, 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 Warsaw, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Warsaw, 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 Warsaw, 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
- Civic 39.9%
- Industrial 28.2%
- Commercial 14.8%
- Residential 14.2%
- Planned_development 2.9%
Largest Zones share of zoned land by district
Single Family Residential District
Light Industrial District
Single And Multifamily Residential District
Arterial Commercial
General Business District
Single Family Residential District (R-1)
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-…
Market overview
Demographics & Economy
Warsaw, IN has 36,532 residents in 15,937 households. Density runs 284 people per square mile. Median household income here is $69,499 and median gross rent $1,010 a month.
36,532
Population
15,937
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
128.8 sq mi
ZIP Area
284
Density / Sq Mi
$69,499
Median Household Income
$41,316
Median Earnings
$1,010
Median Rent
$197,470
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Winona Lake | — | — |
| Leesburg | — | — |
| Atwood | — | — |
| Claypool | — | — |
Commercial property in Warsaw, IN asks $262/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Warsaw?
Commercial property in Warsaw, IN asks an average of $262 per square foot.
How much does it cost to lease commercial space in Warsaw?
Asking lease rates in Warsaw, IN average $8.60 per square foot per year.
Where does Realmo's Warsaw market data come from?
Realmo compiles Warsaw, IN figures from 2 recent recorded sales, 93 active sale listings, 17 active lease listings, 1,630 tracked off-market properties, the current Warsaw zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 93 active for-sale and 17 active for-lease listings in Warsaw, 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: 8,614 zoned acres across 13 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
