Most listings are in the $20's per square foot per year. The Broad Ripple region is going through a a rise 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 Broad Ripple region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 5 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 360% of the available space in the Broad Ripple are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,390 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1968 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Broad Ripple residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.