Nora - Far Northside Retail

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Nora - Far Northside

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
4,820
As of: December 2, 2016

Nora - Far Northside Rates

Most listings are in the $10's per square foot per year. The Nora - Far Northside submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 15% decline in rent.

Compared to the rest of the Indianapolis market, the Nora - Far Northside region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Nora - Far Northside Listing Supply

In the last 90 days, 6 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Nora - Far Northside are subleases, so you might be able to find a shorter term or below market rent. 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 4,820 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1980 and are Class Class B.

Nora - Far Northside Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Nora - Far Northside folk. Commuting approximately 20 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 Nora - Far Northside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Nora - Far Northside.
Research