The typical asking rate per listing is in the $20's per square foot per year. The Park 100 submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Indianapolis market, the Park 100 submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 135 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Park 100 are subleases, so you will probably have to consider a longer term lease. 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 10,580 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 0 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Park 100 folk. 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 Park 100.
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