Indianapolis, IN Retail Space for Lease
Search 133 retail listing(s) in Indianapolis, IN and find helpful local stats in the Market Overview section below.
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Indianapolis asks $22.96 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 50 space(s) available under this type of arrangement. The local market is also home to 10 retail space(s) offered under a Full Service lease agreement type, and 1 Modified Gross listing(s).
The average size for this type of rental opportunity in Indianapolis is 1,000 sqft to 2,500 sqft. Currently, the local market offers 101 listing(s) within that size range. You can also search 55 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail space in Indianapolis comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 14 such space(s) available.
Restaurant spaces listed for rent here have an average size of 3,967 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 12 space(s) listed as Street Retail. The average size you can expect to find for this category is 3,919 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
What’s more, you can find 11 listing(s) in the Interior Retail category, currently available in the average size of 5,856 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.
Restaurant
14
Street Retail
12
Interior Retail
11
Regional Mall
5
Freestanding
4
Restaurant
3,967 sq. ft.
Street Retail
3,919 sq. ft.
Interior Retail
5,856 sq. ft.
Regional Mall
2,230 sq. ft.
Freestanding
8,577 sq. ft.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
College Park is your top choice for lease opportunities, as it is currently home to the highest number of listings — 14 retail space(s).
Indianapolis’s second most popular area is Castleton, where you can find 12 retail listing(s).
Lafayette Square is also among the best areas to search for your next commercial space. Here you can find 8 retail space(s) available for consideration by prospective tenants, of which 1 are Street Retail.
College Park
14
Castleton
12
Lafayette Square
8
Crooked Creek
7
Broad Ripple
7
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
The property sold previously for $33 million.
This property was one of the first lifestyle centers to open in the state.
The deal also marks the new owner’s debut in the market.
Kroger has been the main tenant at the property for more than 50 years.
A recently renovated Kroger supermarket anchors the 268,000-square-foot property.
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