The typical asking rate per listing is in the $10's per square foot per year. The I69-Fall Creek region is seeing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 36% decrease in rent.
Compared to the rest of the Indianapolis market, the I69-Fall Creek submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the I69-Fall Creek are subleases, so you might be able to find a shorter term or below market rent. 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 2,400 sqft. Most buildings in this region are close to 1 stories. Most buildings in this area 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. Professional services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst I69-Fall Creek folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.