On average, listings lease in the $20's per square foot per year. The Mapleton - Fall Creek submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 65% increase in rent.
Compared to the rest of the Indianapolis market, the Mapleton - Fall Creek submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 32% of the available space in the Mapleton - Fall Creek are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 8,960 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1920 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk of Mapleton - Fall Creek work from home. 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 Mapleton - Fall Creek.
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