On average, listings lease in the $10's per square foot per year. The Chapel Hill Village submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Indianapolis market, the Chapel Hill Village submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 44% of the available leases in the Chapel Hill Village are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this area were built in 0 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Chapel Hill Village folk. Commuting close to an hour 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 Chapel Hill Village.
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