On average, listings lease in the $20's per square foot per year. The Geist submarket is going through a a boost in rates. In the last 3 months, the median rate went up $26 per sqft per year.
Compared to the rest of the Indianapolis market, the Geist submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 9,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the residents of Geist work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.