On average, listings lease in the $20's per square foot per year. The Trader's Point region is going through a a rise in rates. In the last 3 months, the median rate rose $23 per sqft per year.
Compared to the rest of the Indianapolis market, the Trader's Point submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 36 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Trader's Point are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 8,600 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this market were built in 2000 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Trader's Point folk. Commuting between 30 and 45 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 Trader's Point.
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