On average, listings lease in the $20's per square foot per year. The Near Northside region is seeing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Indianapolis market, the Near Northside region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1956 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Near Northside residents. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.