Downtown Indianapolis Retail

Downtown Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
176
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,880
As of: June 23, 2017

Downtown Indianapolis Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Indianapolis submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Downtown Indianapolis Listing Supply

In the last 90 days, 176 listings have been posted online, so you'll want to check back regularly for new listings. About 33% of the listings in the Downtown Indianapolis are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,570 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 8 floors. Most buildings in this region were built in 1923 and are Class B.

Downtown Indianapolis Community

A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Indianapolis occupants. Commuting between 20 and 25 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 Downtown Indianapolis.
Market Report

Market Data

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