Downtown Indianapolis Office Space

Downtown Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,610
As of: March 11, 2017

Downtown Indianapolis Rates

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.

Downtown Indianapolis Listing Supply

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.

Downtown Indianapolis Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Indianapolis.
Market Report

Market Data

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