The typical asking rate per listing is in the $10's per square foot per year. The Far Eastside submarket is seeing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Indianapolis market, the Far Eastside region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been listed, which means leases most likley are leasing quickly. 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 9,100 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 1920 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Far Eastside folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.