Indianapolis Retail

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
435
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,700
As of: August 18, 2017

Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Indianapolis market, the Indianapolis submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.

Indianapolis Listing Supply

In the last 90 days, 435 listings have been made available, so you'll want to check back regularly for new listings. About 57% of the available leases in the 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 4,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1960 and are Class B.

Indianapolis Community

Market Report

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

Market Data

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