On average, listings lease in the $20's per square foot per year. The Downtown Indianapolis submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 176 listings have come on the market, so you'll want to check back regularly for new listings. About 28% of the available leases in the Downtown 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,880 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 8 floors. Most buildings in this market were built in 1923 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Indianapolis residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.