2022 Office Space Rent & Sales
- $19.86 2022 Avg. Asking Rent
- -0.92% Y-o-Y Avg. Asking Rent Change
- 28.88% 2022 Office Vacancy Rate
Merrillville office price per square foot in 2022 was $19.86 on average. This marked a -0.92% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 28.88% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Merrillville Class B Office Space$20.31
- Merrillville Class C Office Space$16.84
- Indiana Class A & A+ Office Space$22.68
- Indiana Class B Office Space$20.44
- Indiana Class C Office Space$26.83
Merrillville, IN Office Asking Rents by Class
Coworking Spaces in Indiana
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2022 Office Construction in Merrillville, IN
Office building | Address | SF | Completed |
---|---|---|---|
6625 West Lincoln Highway | 6625 West Lincoln Highway, 46307 | 10,289 | 2006 |
7554 Grand Boulevard | 7554 Grand Boulevard, 46383 | 5,202 | 1997 |
1572 E 85th Avenue | 1572 E 85th Ave, 46410 | 7,280 | 1994 |
101 E 90th Dr | 101 E 90th Dr, 46410 | 12,429 | 1993 |
Merrillville Corporate Center | 8001 Broadway, 46410 | 47,148 | 1992 |
Marshall Square | 2600-2620 W. 81st Ave., 46410 | 8,400 | 1989 |
Westfield Commons South | 101-109 W. 79th Ave., 46410 | 9,072 | 1988 |
Broadfield Square North | 8903-8939 Broadway, 46410 | 17,058 | 1987 |
280 W 80th Pl | 280 W 80th Pl, 46410 | 3,600 | 1986 |
575 W 84th Ave | 575 W 84th Ave, 46410 | 10,740 | 1980 |
Worth noting among recent office completions on the Merrillville market is 6625 West Lincoln Highway, which is currently the largest new office development in the city, at 10,289 square feet.
See reports for other markets
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- Washington 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. 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.