The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis submarket is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Indianapolis market, the Indianapolis submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 3104 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available leases in the Indianapolis are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this market were built in 1968 and are Class B.
Real time and historical data on commercial real estate listings in Indianapolis.
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