On average, listings lease in the $20's per square foot per year. The Indianapolis submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Indianapolis market, the Indianapolis submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 435 listings have come on the market, so you'll want to check back regularly for new listings. About 43% of the office spaces in the Indianapolis are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this region were built in 1960 and are Class B.