Broad Ripple Retail Space

Broad Ripple

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,390

Broad Ripple Rates

On average, listings lease in the $20's per square foot per year. The Broad Ripple submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $21 per sqft per year.

Compared to the rest of the Indianapolis market, the Broad Ripple region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Broad Ripple Listing Supply

In the last 90 days, 45 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings in the Broad Ripple 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,390 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 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 area. 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