Indianapolis Industrial

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
435
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,540
As of: July 24, 2017

Indianapolis Rates

On average, listings lease in the $20's per square foot per year. The Indianapolis submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% rise in rent.

Compared to the rest of the Indianapolis market, the Indianapolis submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Indianapolis Listing Supply

In the last 90 days, 435 listings have come on the market, so you'll want to check back regularly for new listings. About 43% of the office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1960 and are Class B.

Indianapolis Community

Market Report

Trends and status of the commercial real estate market in Indianapolis.
Market Report

Market Data

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