Indianapolis Office Space

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
366
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,890
As of: February 23, 2017

Indianapolis Rates

Most listings are in the $20's per square foot per year. The Indianapolis region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise 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 discounted submarket.

Indianapolis Listing Supply

In the last 90 days, 324 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the available space in the Indianapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1951 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