The typical asking rate per listing is in the $20's per square foot per year. The Downtown Indianapolis region is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 176 listings have been listed, so you'll want to check back regularly for new listings. About 25% of the available leases in the Downtown Indianapolis are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,050 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 8 stories. Most buildings in this area were built in 1923 and are Class B.
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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.