2023 Office Space Rent & Sales
- $19.89 2023 Avg. Asking Rent
- 0.17% Y-o-Y Avg. Asking Rent Change
- 21.40% 2023 Office Vacancy Rate
Merrillville office price per square foot in 2023 was $19.89 on average. This marked a +0.17% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.40% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Indiana Class A & A+ Office Space$24.47
- Indiana Class B Office Space$18.61
- Indiana Class C Office Space$19.83
Merrillville, IN Office Asking Rents by Class
Office Spaces for Rent in Indiana
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2023 Office Construction in Merrillville, IN
| Office building | Address | SF | Completed |
|---|---|---|---|
| Merrillville Residential Facility | 300 W 89th Ave, 46410 | 21,615 | 2011 |
| 8401 Ohio St | 8401 Ohio Street, 46410 | 17,814 | 2006 |
| NNN Office Investment Property | 8700 Broadway, 46410 | 11,856 | 1994 |
| 1572 E 85th Avenue | 1572 E 85th Ave, 46410 | 7,280 | 1994 |
| Merrillville Corporate Center | 8001 Broadway, 46410 | 47,148 | 1992 |
| Park 84 | 251-397 W. 84th Dr., 46410 | 31,281 | 1990 |
| Marshall Square | 2600-2620 W. 81st Ave., 46410 | 8,400 | 1989 |
| Broadfield Square North | 8903-8939 Broadway, 46410 | 17,058 | 1987 |
| Merrillville Medical Building | 8683 Connecticut St, 46410 | 10,750 | 1987 |
| 280 W 80th Pl | 280 W 80th Pl, 46410 | 3,600 | 1986 |
Worth noting among recent office completions on the Merrillville market is Merrillville Residential Facility, which is currently the largest new office development in the city, at 21,615 square feet.
See reports for other markets
- Indianapolis Office Rent Price
- Fort Wayne Office Rent Price
- Carmel Office Rent Price
- Austin Office Rent Price
- Atlanta Office Rent Price
- Chicago Office Rent Price
- Houston Office Rent Price
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- Seattle Office Rent Price
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- San Antonio Office Rent Price
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- Miami Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Merrillville commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.