Most listings are in the $20's per square foot per year. The College Commons region is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Indianapolis market, the College Commons submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 13% of the listings in the College Commons are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the folk of College Commons work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in College Commons.
Get email notifications when new listings are posted that match your requirements.