Most listings are in the $10's per square foot per year. The Park Fletcher submarket is seeing 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 Park Fletcher submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the Park Fletcher are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,430 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market 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 occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.