Indianapolis Retail

Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
378
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,920
As of: February 26, 2017

Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.

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

Indianapolis Listing Supply

In the last 90 days, 370 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Indianapolis are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,850 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this region were built in 1956 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