The typical asking rate per listing is in the $20's per square foot per year. The Castleton region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Indianapolis market, the Castleton region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 27 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Castleton occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.