Most listings are in the $10's per square foot per year. The Far Eastside submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the Indianapolis market, the Far Eastside region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Far Eastside are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,400 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 0 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 area. Commute by public transit is the most popular way to get to work amongst Far Eastside residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.