Most listings are in the $10's per square foot per year. The College Commons region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Indianapolis market, the College Commons submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 23 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the College Commons 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,630 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the residents of College Commons work from home. Commuting close to 10 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 College Commons.
Get email notifications when new listings are posted that match your requirements.