The typical asking rate per listing is in the $10's per square foot per year. The Mars Hill region is going through a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Indianapolis market, the Mars Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 1 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 4,170 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this area were built in 1991 and are Class Class D.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Mars Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.