The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year.
Compared to the rest of the Indianapolis market, the Indianapolis region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 435 listings have come on the market, so you'll want to check back regularly for new listings. About 46% of the listings in the Indianapolis 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 3,740 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1959 and are Class B.