The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region 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 region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3104 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the listings in the Indianapolis are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 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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