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.
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.
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.