2020 Office Space Rent & Sales
- $20.78 2020 Avg. Asking Rent
- 3.85% 2020 Office Vacancy Rate
Bloomington office price per square foot in 2020 was $20.78 on average. The local office market recorded an average vacancy rate of 3.85% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Bloomington Class B Office Space$20.78
- Indiana Class A Office Space$24.00
- Indiana Class B Office Space$19.58
- Indiana Class C Office Space$16.80
Bloomington, IN Office Asking Rents by Class
2020 Office Construction in Bloomington, IN
- Bloomington, IN Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Bloomington office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Hoosier Energy Headquarters||2501 South Cooperative Way, 47403||83,000||2015|
|2850 East Buick Cadillac Blvd||2850 East Buick Cadillac Blvd, 47401||37,504||2009|
|2605 East Creeks Edge Drive||2605 East Creeks Edge Drive, 47401||39,888||2008|
|1312 & 1332 West Arch Haven Avenue||1312 West Arch Haven Avenue, 47403||34,128||2006|
|104 South Franklin Road||104 South Franklin Road, 47404||34,644||2005|
|1600 West Bloomfield Road||1600 West Bloomfield Road, 47403||28,077||2004|
|Premier Healthcare Landmark Medical Center||550 South Landmark Avenue, 47403||78,131||2000|
|411-485 South Landmark Avenue||411 South Landmark Avenue, 47403||65,280||2000|
|1663 South Liberty Drive||1663 South Liberty Drive, 47403||51,735||2000|
|1801 South Liberty Drive||1801 South Liberty Drive, 47403||51,000||1998|
Worth noting among recent office completions on the Bloomington market is Hoosier Energy Headquarters, which is currently the largest new office development in the city, at 83,000 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bloomington 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.