The typical asking rate per listing is in the $20's per square foot per year. The College Commons region is seeing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 17% increase 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 been posted online, which means office spaces might be going fast. 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 snag a great spot on a short term. 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 market are close to 3 floors. 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 region. Most of the occupants of College Commons work from home. Commuting around 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.
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