The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region is going through a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Indianapolis market, the Indianapolis submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3104 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the listings in the Indianapolis are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1965 and are Class B.
Real time and historical data on commercial real estate listings in Indianapolis.
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