Indianapolis Office Space

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
435
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,330
As of: June 23, 2017

Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year.

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

Indianapolis Listing Supply

In the last 90 days, 435 listings have come on the market, so you'll want to check back regularly for new listings. About 46% of the listings in the 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1959 and are Class B.

Indianapolis Community

Market Report

Trends and status of the commercial real estate market in Indianapolis.
Market Report

Market Data

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