On average, listings lease in the $10's per square foot per year. The Edgewood submarket is going through a an increase in rates. In the last 3 months, the median rate increased $15 per sqft per year.
Compared to the rest of the Indianapolis market, the Edgewood region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have come on the market, which means office spaces might be going fast. 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.
The standard measurement for office space in this area is around 1,280 sqft. Most buildings in this area are around 1 floors. Most buildings in this region were built in 1922 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Edgewood folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.