Commercial Real Estate Market in Indiana, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 1,299 off-market properties in Indiana, PA. Commercial property asks $293/SF to buy and $9.17/SF/Yr to lease.
Market Trends
Indiana, PA spans 112.4 square miles in Indiana County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Indiana, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Indiana, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Indiana, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Indiana, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68.3%
- Civic 15.1%
- Commercial 9.8%
- Mixed use 5.2%
- Industrial 1.5%
Largest Zones share of zoned land by district
Single Family Residential
Two Family Residential
Public And Semi Public
General Business And Commercial
Mixed Use
Indiana, PA zones 1,113 acres across 9 districts. Commercial zoning covers 9.8% of zoned land, residential 68.3% and industrial 1.5%. The largest single district is Single Family Residential at 53.5%. For commercial buyers the practical constraint is that only 11.4% of land carries a commercial or industrial designation.
Two Family Residential (R-2)
Art V Signs § 460-29 Applicability; purpose. § 460-30 Exempt signs. § 460-31 Performance standards. § 460-32 Illumination. § 460-32.1 Sign permit application. § 460-32.2 Signs permitted in R-1 Single-Family Residential, R-2 Two-Family Residential, and R-3 Multifamily Residential Districts. § 460-32.3 Signs permitted in P-1 Public and Semipublic Zoning Distri…
Market overview
Demographics & Economy
Indiana, PA has 33,643 residents in 15,710 households. Density runs 299 people per square mile. Median household income here is $56,538 and median gross rent $799 a month.
33,643
Population
15,710
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
112.4 sq mi
ZIP Area
299
Density / Sq Mi
$56,538
Median Household Income
$28,080
Median Earnings
$799
Median Rent
$175,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ernest | — | — |
| Lucernemines | — | — |
| Creekside | — | — |
| Homer City | — | — |
Commercial property in Indiana, PA asks $293/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Indiana?
Commercial property in Indiana, PA asks an average of $293 per square foot. The 6 most recent recorded sales traded at a median of $120/SF, so asking sits 144% above the achieved median.
How much does it cost to lease commercial space in Indiana?
Asking lease rates in Indiana, PA average $9.17 per square foot per year.
What zoning applies to commercial property in Indiana?
Indiana, PA zones 1,113 acres across 9 districts, of which 9.8% is commercial and 1.5% industrial. The largest single district is Single Family Residential at 53.5% of zoned land. Residential zoning covers 68.3% and open space 0%.
Where does Realmo's Indiana market data come from?
Realmo compiles Indiana, PA figures from 8 recent recorded sales, 34 active sale listings, 12 active lease listings, 1,299 tracked off-market properties, the current Indiana zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 12 active for-lease listings in Indiana, PA. 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: 1,113 zoned acres across 9 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 Northeast region level, retail vacancy is reported at Northeast region level, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
