On average, listings lease in the $20's per square foot per year. The Downtown Indianapolis region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Indianapolis market, the Downtown Indianapolis submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 849 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown 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 5,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 8 stories. Most buildings in this area were built in 1923 and are Class B.
A large portion of this area 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 residents. 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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