Fort Wayne Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $16.40 2024 Avg. Asking Rent
  • -0.86% Y-o-Y Avg. Asking Rent Change
  • 22.26% 2024 Office Vacancy Rate

Fort Wayne office price per square foot in 2024 was $16.40 on average. This marked a -0.86% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.26% 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

  • Fort Wayne Class A & A+ Office Space$18.34
  • Fort Wayne Class B Office Space$16.20
  • Fort Wayne Class C Office Space$8.75
  • Indiana Class A & A+ Office Space$25.33
  • Indiana Class B Office Space$18.68
  • Indiana Class C Office Space$20.61

Fort Wayne, IN Office Asking Rents by Class

Average office rent in Fort Wayne rested at $16.40 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Fort Wayne averaged $18.34 per square foot. Across all submarkets, class B office space recorded an average asking rent of $16.20 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $8.75 per square foot, on average. Comparably, statewide Indiana average office rents by class in 2024 were: $25.33 per square foot for class A office space; $18.68 per square foot for class B office space; $20.61 per square foot for class C office space.

2024 Office Vacancy Rates in Fort Wayne

Submarket Asking Rents Vacancy Rates
Fort Wayne - I-69 $18.55 15.53%
Fort Wayne - IN-3 $16.78 43.46%
Fort Wayne - Central $16.29 13.25%
Fort Wayne - North $15.87 19.31%
Fort Wayne - East $14.12 42.88%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Fort Wayne market was 22.26% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Fort Wayne was 13.25% in the Fort Wayne - Central submarket, while the highest office vacancy in the market was 43.46%, recorded in Fort Wayne - IN-3.

Office Spaces for Rent in Indiana

Coworking Spaces in Indiana

2024 Office Construction in Fort Wayne, IN

  • Fort Wayne, IN Total SF completed in 2024 58,487

During 2024, 58,487 square feet of new office space were delivered across the market. At the close of 2024, the Fort Wayne office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 58,487 square feet of office space.

Largest Office Properties Recently Completed in Fort Wayne
Office building Address SF Completed
201 E. Superior St. 201 E. Superior St., 46802 9,646 2025
9307 Illinois Rd 9307 Illinois Rd, 46804 11,800 2023
6038 Huguenard Rd 6038 Huguenard Rd, 46818 17,000 2010
9809 Dawsons Creek Blvd 9809 Dawsons Creek Blvd, 46825 4,271 2009
10307 Dupont Circle Drive W 10307 Dupont Circle Drive W, 46825 13,083 2008
3909 Lake Ave. 3909 Lake Ave., 46805 8,025 2008
3909 Lake Ave. 3909 Lake Ave., 46805 8,025 2008
9071 Stellhorn Crossing Pkwy. 9071 Stellhorn Crossing Pkwy., 46815 7,592 2006
10020 Dupont Circle Court 10020 Dupont Circle Court, 46825 30,623 2005
10020 Dupont Circle Court 10020 Dupont Circle Court, 46825 30,623 2005

Worth noting among recent office completions on the Fort Wayne market is 201 E. Superior St., which is currently the largest new office development in the city, at 9,646 square feet.

Data provided by Yardi Research

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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 Fort Wayne 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.