Far Eastside Industrial

Far Eastside

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,170
As of: December 3, 2016

Far Eastside Rates

The typical asking rate per listing is in the $20's per square foot per year. The Far Eastside submarket is going through a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 33% rise in rent.

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

Far Eastside Listing Supply

In the last 90 days, 14 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the Far Eastside 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 1920 and are Class Class B.

Far Eastside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Far Eastside occupants. Commuting close to an hour and a half 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 Far Eastside.
Market Report

Market Data

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