Broad Ripple Retail

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

Most listings are in the $20's per square foot per year. The Broad Ripple submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.

Compared to the rest of the Indianapolis market, the Broad Ripple submarket has lower 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 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available space in the Broad Ripple are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,390 sqft. Most properties in this area are close to 2 floors. Most buildings in this region 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 folk. 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