Most listings are in the $20's per square foot per year. The Downtown Indianapolis region is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Indianapolis market, the Downtown Indianapolis region has greater 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 listed, so you'll want to check back regularly for new listings. About 32% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,880 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 8 stories. Most buildings in this market were built in 1923 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. 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.