On average, listings lease in the $20's per square foot per year. The College Park submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Indianapolis market, the College Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 227 listings have been listed, so you'll want to check back regularly for new listings. About 16% of the office spaces in the College Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,060 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1982 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst College Park residents. Commuting between 30 and 45 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 Park.
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