Downtown Indianapolis Industrial

Downtown Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,880
As of: June 25, 2017

Downtown Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Indianapolis region is going through a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.

Downtown Indianapolis Listing Supply

In the last 90 days, 176 listings have come on the market, so you'll want to check back regularly for new listings. About 27% of the available space in the Downtown 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 4,880 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 8 stories. Most buildings in this market were built in 1923 and are Class B.

Downtown Indianapolis Community

A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Indianapolis residents. 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 Downtown Indianapolis.
Market Report

Market Data

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