How much does office space cost in Indianapolis?

How much does office space cost in Indianapolis?

Indianapolis Office Space for Rent

Office Space for Lease Class A Class B
Downtown Indianapolis $25/sf $20/sf
Keystone $23/sf $18/sf
Midtown $20/sf $15/sf
North Meridian/Carmel $25/sf $20/sf

How do I find a business rental location?

The best way to find commercial space is through hiring a commercial real estate broker. Commercial real estate brokerages are dedicated exclusively to leasing and selling commercial property – office, retail, and industrial real estate.

What should you ask for in a commercial lease?

10 Vital Questions to Ask Before Signing a Commercial Lease

  • How long has the property been owned by the landlord?
  • How long is the lease?
  • Is subleasing possible?
  • Will the rent be increased?
  • Can the lease be renewed when it expires?
  • Who is responsible for insurance?
  • What utilities are included in the rent?

What is a fair commercial rent increase?

Reasonable Commercial Rent Escalation On average, a percentage rent increase rate could be between 2% (this is near the consumer price index); and. 5% (this is on the high side of the market). It is important to remember that you can always negotiate for more favorable terms.

Can landlords increase rent by 50%?

There isn’t a set limit on what a private landlord can increase rent by. The government says any rent increases must be ‘fair and realistic. ‘

Can a commercial landlord double my rent?

Unfortunately, most commercial leases specify that rent can be adjusted “upwards only”, which means your rent can only either increase or stay the same with each review. Even if market prices are falling, your rent will remain static rather than decrease.

What is the maximum commercial rent increase?

How many commercial properties are available for lease in Indianapolis?

Indianapolis has 3,038 commercial real estate spaces for lease, representing 35,237,168 sqft space. 1053 buildings are available for sale. In the past 30 days, Indianapolis has had 245 spaces leased and 34 new spaces come on market.

What are the Class A and Class B office properties in Indianapolis?

Class A office space holds a 38.71% share of the overall Indianapolis, IN office market, while Class B office assets make up approximately 52.77%. There are 60,980,099 square feet of commercial real estate properties between 100k to 500k square feet, representing 48.68% of the Indianapolis, IN industrial inventory.

Where should you invest in Indianapolis commercial real estate?

Indianapolis’ commercial and office real estate has largely and historically been centralized around the Wholesale District, but as with many other growing cities, and especially in those with a history of manufacturing, the outskirts and developing suburban areas are ripe for growth and expansion.