The typical asking rate per listing is in the $20's per square foot per year. The Geist submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Indianapolis market, the Geist region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been posted online, which means spaces might be 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 9,130 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area were built in 1988 and are Class A.
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 region. Most of the folk of Geist work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.