Nora - Far Northside Office Space

Nora - Far Northside

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,250
As of: January 19, 2017

Nora - Far Northside Rates

On average, listings lease in the $20's per square foot per year. The Nora - Far Northside region is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% increase in rent.

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

Nora - Far Northside Listing Supply

In the last 90 days, 14 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Nora - Far Northside are subleases, so you will probably have to consider a longer term lease. 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 3,250 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1980 and are Class A.

Nora - Far Northside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Nora - Far Northside occupants. Commuting around 20 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 Nora - Far Northside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Nora - Far Northside.
Research