On average, listings lease in the $20's per square foot per year. The South Perry region is seeing a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Indianapolis market, the South Perry region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been posted online, which means office spaces most likley are 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 5,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 1 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst South Perry residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.