The typical asking rate per listing is in the $20's per square foot per year. The Downtown Indianapolis region is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 176 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the listings in the Downtown 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 3,610 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this market were built in 1922 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Indianapolis folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.