Downtown Indianapolis Office Space

Downtown Indianapolis

Market Report

Number of Listings
Posted in the last 90 days
67
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
4,350

Downtown Indianapolis Rates

Most listings are in the $20's per square foot per year. The Downtown Indianapolis region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Indianapolis Listing Supply

In the last 90 days, 849 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Downtown Indianapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,190 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 8 floors. Most buildings in this market were built in 1922 and are Class B.

Downtown Indianapolis Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Indianapolis 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 Downtown Indianapolis.
Research