The typical asking rate per listing is in the $10's per square foot per year. The Chapel Hill - Ben Davis 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 - Ben Davis region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 78 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the available leases in the Chapel Hill - Ben Davis 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.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are close to 1 floors. Most buildings in this market 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. Company management is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Chapel Hill - Ben Davis occupants. Commuting more than an hour and a half 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 - Ben Davis.
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