Castleton Office Space

Castleton

Office Space Market Report

Number of Listings (last 90 days)
54
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,700
As of: February 20, 2017

Castleton Rates

Most listings are in the $20's per square foot per year. The Castleton region is going through a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.

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

Castleton Listing Supply

In the last 90 days, 54 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available leases in the Castleton are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,700 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1980 and are Class A.

Castleton 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 area. Commute by walking is the most popular way to get to work amongst Castleton occupants. Commuting between 30 and 45 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 Castleton.
Market Report

Market Data

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