Downtown Indianapolis Industrial

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Downtown Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Downtown Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Indianapolis submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Downtown Indianapolis Listing Supply

In the last 90 days, 68 listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,450 sqft. Most properties in this area are close to 8 stories. Most buildings in this region were built in 1918 and are Class B.

Downtown Indianapolis Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this area. 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.