Downtown Indianapolis Office Space

Like much of the Midwest and rustbelt Indianapolis has had a long and at times paintful road back following the recent recession. While it has improved since the recession that improvement has been slow and unsteady. Indianapolis downtown office space has fallen since its 2010 highs. Indianapolis office space has failed to gain any type of substantial tractions despite its business friendly attitude. It’s not all bad news though, tenants can use economic times like these when negotiating for Indianapolis office space.

Downtown rents recently rose to the low eighteen dollar range, but Indianapolis still has some work to do to convince the market that this increase will be sustained. Vacancy rates also rose in the recent quarter to about eighteen and a half percent. All of these statistics and trends suggest that tenants in Downtown Indianapolis office space should be able to enter negotiations with current or prospective landlords with some leverage on their side. These landlords must lease up their assets in order for them to maintain their values.

Typically a leased building will be more valuable than one that sits vacant. Tenants should try to achieve free rent or TI packages when negotiating with landlords, while the rent number may not move much these concessions from the landlord can save tenants lots of money upfront. Indianapolis office space has had a difficult road to recovery, but this isn’t necessarily a bad thing for tenants. Hopefully as a tenant in Downtown Indianapolis you will be able to see significant savings due to the slow recovery.

For more information regarding Downtown Indianapolis Office Space, visit http://www.buildingsearch.com/IN/Indianapolis/Office-Space/ and find office space listings available for sale, lease and sublease.