Downtown Indianapolis Retail

Downtown Indianapolis

Office Space Market Report

Number of Listings (last 90 days)
121
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,980
As of: December 3, 2016

Downtown Indianapolis Rates

Most listings are in the $20's per square foot per year. The Downtown Indianapolis submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.

Compared to the rest of the Indianapolis market, the Downtown Indianapolis submarket has higher 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, 114 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Downtown 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,990 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 8 floors. Most buildings in this market were built in 1921 and are Class B.

Downtown Indianapolis Community

A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Indianapolis residents. 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