Most listings are in the $10's per square foot per year. The College Commons submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Indianapolis market, the College Commons region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 23 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings in the College Commons are subleases, so you might be able to snag a great spot on a short term. 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 2,630 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region 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 region. Most of the folk of College Commons work from home. Commuting around 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.
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