The typical asking rate per listing is in the $20's per square foot per year. The Park Fletcher region is going through a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 38% rise in rent.
Compared to the rest of the Indianapolis market, the Park Fletcher submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 18 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Park Fletcher are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 5,400 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Park Fletcher folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.