The typical asking rate per listing is in the $20's per square foot per year. The Keystone at The Crossing submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Indianapolis market, the Keystone at The Crossing submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 38 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 39% of the available leases in the Keystone at The Crossing are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 8,570 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1988 and are Class A.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Keystone at The Crossing folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.