Most listings are in the $20's per square foot per year. The South Franklin region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Indianapolis market, the South Franklin submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been posted online, which means office spaces 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 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 1,560 sqft. Most buildings in this area are close to 1 stories. Most buildings in this region were built in 1996 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by car is the most popular way to get to work amongst South Franklin folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.