Most listings are in the $10's per square foot per year. The Far Eastside submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Indianapolis market, the Far Eastside region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 5 listings have been made available, which means new listings might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 10,300 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 1 stories. Most buildings in this region were built in 1920 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Far Eastside occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.