Indianapolis Office Space

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
414
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,400
As of: December 4, 2016

Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.

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

Indianapolis Listing Supply

In the last 90 days, 412 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Indianapolis are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1947 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