Most listings are in the $10's per square foot per year. The West Edgewood region is going through a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Indianapolis market, the West Edgewood region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have come on the market, 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.
The standard measurement for office space in this area is around 1,280 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1958 and are Class B.
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 region. Most of the residents of West Edgewood work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.