Broad Ripple Office Space For Lease

Broad Ripple

Market Report

Number of Listings For Lease
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,390

Broad Ripple Commercial Real Estate

Find Broad Ripple commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Broad Ripple commercial real estate broker in Broad Ripple's Top Broker Directory. Learn about Broad Ripple commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Broad Ripple Rates

Most commerial real estate listings for lease are in the $20's per square foot per year. The Broad Ripple region is experiencing a a boost in rates. In the last 3 months, the median rate for lease rose $21 per sqft per year.

Compared to the rest of the Indianapolis commercial real estate market, the Broad Ripple submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Broad Ripple Listing Supply

In the last 90 days, 45 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available commercial real estate leases in the Broad Ripple are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,390 sqft. Most buildings in this market are close to 2 stories. Most buildings in this region were built around 1968 and are Class B.

Broad Ripple Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Broad Ripple occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Broad Ripple.
Research