On average, listings lease in the $20's per square foot per year. The College Park region is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Indianapolis market, the College Park region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 24 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 properties in this area are close to 3 floors. Most buildings in this area were built in 1985 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 walking is the most popular way to get to work amongst College Park folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.