2024 Office Space Rent & Sales
- $19.29 2024 Avg. Asking Rent
- -3.02% Y-o-Y Avg. Asking Rent Change
- 34.09% 2024 Office Vacancy Rate
Merrillville office price per square foot in 2024 was $19.29 on average. This marked a -3.02% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 34.09% 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
Merrillville, IN Office Asking Rents by Class
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2024 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 |
| Merrillville Plaza Surgery Center | 255 e 90th Dr, 46410 | 13,032 | 2003 |
| 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 |
| Connecticut Center | Connecticut Center, 46410 | 12,360 | 1992 |
| Park 84 | 251-397 W. 84th Dr., 46410 | 31,281 | 1990 |
| Westfield Commons South | 101-109 West 79th Avenue, 46410 | 9,042 | 1989 |
| Marshall Square | 2600-2620 W. 81st Ave., 46410 | 8,400 | 1989 |
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
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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 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.