Most listings are in the $100's per square foot per year. The Far Eastside submarket is going through a a boost in rates. In the last 3 months, the median rate went up $89 per sqft per year. That's a 500% increase in rent.
Compared to the rest of the Indianapolis market, the Far Eastside submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the listings in the Far Eastside are subleases, so you might be able to snag a great spot on a short term. 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 3,170 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market 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 folk. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.