Most listings are in the $20's per square foot per year. The College Commons region is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Indianapolis market, the College Commons submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 7 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 71% of the available leases in the College Commons 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,960 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this market were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the folk of College Commons work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.