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 a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% rise 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 depreciated region.
In the last 90 days, 6 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,300 sqft. Most properties in this market are close to 1 floors. Most buildings in this region 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 market. Commute by motorcycle is the most popular way to get to work amongst Chapel Hill - Ben Davis folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.