On average, listings lease in the $20's per square foot per year. The Castleton submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Indianapolis market, the Castleton region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 397 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Castleton are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,260 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Castleton residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Castleton.
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