On average, listings lease in the $20's per square foot per year. The College Park submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Indianapolis market, the College Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 17 listings have been posted online, which means new availabilities 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 3,350 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1985 and are Class A.
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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.