Indianapolis Office Space

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
435
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,540
As of: August 19, 2017

Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

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

Indianapolis Listing Supply

In the last 90 days, 435 listings have been listed, so you'll want to check back regularly for new listings. About 57% of the listings in the 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,540 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1960 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