On average, listings lease in the $20's per square foot per year. The Castleton submarket is going through a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Indianapolis market, the Castleton submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 61 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Castleton are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,580 sqft. Most buildings 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 area. 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.