Coworking has continued to flourish throughout the nation. The next stop: Indianapolis, IN.
Indianapolis is the cultural and economic center for the state of Indiana, and the third largest population in the Midwest, earning it the title “the Crossroads of America”. With an ideal setting and industry reputation, Indianapolis is the prime location for the next expansion of the coworking industry. Here are the biggest reasons why Indianapolis will witness a surge in Coworking:
Rising Office Rentals
Real estate prices are only getting more expensive, which means office space rent is increasing too. According to a survey conducted by Priceonomics.com, start-up companies, on average, had 10 employees and spent $6,100 on office rent each month. For Indianapolis, the average for office rent is between $22 to $26 per square foot. That means that an office suite with 11,000 square feet of space would cost almost a quarter million each month!
A Skilled and Talented Workforce
Indianapolis is home to one of the most skilled and energetic communities outside of Silicon Valley. A study by CityLab found that Indianapolis is the metro area with the second-fastest growing “creative class”, a category that includes artists, designers, entertainers, and even tech workers. DataFox listed the city as the 2nd best places for tech graduates, citing business leadership and low cost of living as primary factors.
While gender pay inequality continues to be a national issue, Indianapolis is one of the few cities where women are paid equally or more than their male counterparts. SmartAsset listed Indianapolis as the fifth best city for women in the tech industry. Coworking encourages greater collaboration and networking, and in Indianapolis, there’s no shortage of talent to draw from.
A Stunning Historical City
One of the greatest aspects of Indianapolis is the city itself, from the history behind each street, to the architectural design of each building. Indianapolis is one of America’s crown jewels.
Monument Circle is an iconic landmark for downtown Indianapolis. Not only is the location a historic site, it’s a commercial and financial district. The Circle features recording studios, the Hilbert Circle Theatre, the Indianapolis Symphony Orchestra, the Columbia Club (one of Indianapolis’s oldest social clubs), and several financial institutions and corporations.
Monument Circle has become the prime outdoor location for events, concerts, and other public gatherings. Coworking allows businesses to explore a vibrant community, network with unique businesses, and enjoy the best restaurants and nightlife that Indiana has to offer.
Love Your Indianapolis Office
Our motto is simple: “Love your office”. In a city as beautiful and hardworking as Indianapolis, it should be easy to love where you work.
Novel Coworking’s Indianapolis location is located in Circle Tower, an exquisite art deco building overlooking Monument Circle. Host a private networking event in a fully-furnished modern space, complete with a receptionist. Experience high-speed fiber internet and never drop a conference call again. Finally, enjoy coffee from our espresso bar or beer on tap. All these amenities and more are included in each plan.