Castleton Sublease

Castleton

Office Space Market Report

Number of Listings (last 90 days)
61
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,580
As of: June 22, 2017

Castleton Rates

On average, listings lease in the $20's per square foot per year. The Castleton submarket is going through a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year.

Compared to the rest of the Indianapolis market, the Castleton submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Castleton Listing Supply

In the last 90 days, 61 listings have been posted online, so you'll want to check back regularly for new listings. About 43% of the office spaces in the Castleton 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.

The standard measurement for office space in this area is around 1,040 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1980 and are Class A.

Castleton Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Castleton occupants. Commuting between 30 and 45 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 Castleton.
Market Report

Market Data

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