2024 Office Space Rent & Sales
- $24.95 2024 Avg. Asking Rent
- 10.11% 2024 Office Vacancy Rate
Bloomington office price per square foot in 2024 was $24.95 on average. The local office market recorded an average vacancy rate of 10.11% 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
2024 Average Office Rent per Square Foot
- Indiana Class A & A+ Office Space$25.33
- Indiana Class B Office Space$18.68
- Indiana Class C Office Space$20.61
Bloomington, IN Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 2495 S Walnut Street Pike | 2495 S Walnut Street Pike, 47401 | 3,800 | 1993 |
| Bright Chiropractic | 2215 S Curry Pike, 47403 | 2,878 | 1989 |
| 1815 S Walnut St | 1815 S Walnut St, 47401 | 2,300 | 1984 |
| Chase Building | 100 South College Avenue, 47404 | 30,000 | 1970 |
| Fountain Square | 101 West Kirkwood Avenue, 47404 | 145,988 | 1965 |
| Uptown Plaza | 115 N. College Ave, 47404 | 19,000 | 1929 |
| One City Centre | 120 West 7th Street, 47404 | 39,056 | 1924 |
| The Wicks Building | 116 West 6th Street, 47404 | 26,796 | 1915 |
| Graham Plaza | 205 North College Avenue, 47404 | 51,306 | 1900 |
Worth noting among recent office completions on the Bloomington market is 2495 S Walnut Street Pike, which is currently the largest new office development in the city, at 3,800 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.