Park Fletcher Industrial

Park Fletcher

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
4,310
As of: August 18, 2017

Park Fletcher Rates

On average, listings lease in the $20's per square foot per year. The Park Fletcher region is going through a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 55% rise in rent.

Compared to the rest of the Indianapolis market, the Park Fletcher region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Park Fletcher Listing Supply

In the last 90 days, 1 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 500% of the available space in the Park Fletcher 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,310 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area were built in 1974 and are Class B.

Park Fletcher Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Park Fletcher occupants. Commuting around 10 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 Park Fletcher.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Park Fletcher.
Research