Most listings are in the $20's per square foot per year. The College Commons region is experiencing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Indianapolis market, the College Commons region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 7 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,860 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the folk of College Commons work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.