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On average, commerial real estate listings lease in the $20's per square foot per year. The Downtown Indianapolis region is going through a decline in rates. In the last 3 months, the median rate for lease fell $3 per sqft per year.
Compared to the rest of the Indianapolis commercial real estate market, the Downtown Indianapolis region has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 849 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate space in the Downtown Indianapolis are subleases, so you will probably have to consider a longer term lease. 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 size for office space in this area is around 890 sqft. Most buildings in this area are close to 7 floors. Most buildings in this region were built approximately 1921 and are Class B.
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.
Real time and historical data on commercial real estate listings in Downtown Indianapolis.
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