The typical asking rate per listing is in the $20's per square foot per year. The College Commons region is seeing a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year.
Compared to the rest of the Indianapolis market, the College Commons region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 57% of the available leases in the College Commons 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,960 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the occupants of College Commons work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.