Broad Ripple Industrial

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Broad Ripple

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,050
As of: December 5, 2016

Broad Ripple Rates

On average, listings lease in the $20's per square foot per year. The Broad Ripple submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a Inf% increase in rent.

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

Broad Ripple Listing Supply

In the last 90 days, 10 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,050 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1975 and are Class B.

Broad Ripple Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Broad Ripple folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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