Nora - Far Northside Office Space

Nora - Far Northside

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
4,820
As of: December 4, 2016

Nora - Far Northside Rates

On average, listings lease in the $10's per square foot per year. The Nora - Far Northside submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decrease in rent.

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

Nora - Far Northside Listing Supply

In the last 90 days, 6 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Nora - Far Northside are subleases, so you might be able to snag a great spot on a short term. 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 4,820 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1980 and are Class Class B.

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 area. Commute by walking is the most popular way to get to work amongst Nora - Far Northside occupants. Commuting approximately 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.
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