Indianapolis Office Space

Indianapolis

Market Report

Number of Listings
Posted in the last 90 days
34
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,350

Indianapolis Rates

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.

Indianapolis Listing Supply

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.

Indianapolis Community

Market Data

Real time and historical data on commercial real estate listings in Indianapolis.
Research