Most listings are in the $20's per square foot per year. The Edgewood submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Indianapolis market, the Edgewood region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 14 listings have been listed, which means spaces most likley are 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,300 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this area were built in 0 and are Class C.
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 occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.