The typical asking rate per listing is in the $20's per square foot per year. The Indianapolis region is seeing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Indianapolis market, the Indianapolis region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 412 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Indianapolis are subleases, so you will probably have to consider a longer term 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 3,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1947 and are Class B.